Global Ship Recycling Market Remains Subdued
The global ship recycling market remained subdued as the year ends, mirroring the trend set for the most part of 2024. In a recent weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling markets across the four major destinations continued to face challenges, with little improvement in activity or pricing. In India, the market saw several vessels being offered, including large units like VLCCs, but the availability did not translate into heightened activity. Weak demand for local scrap steel kept buyers ...
Read More »