A comparable gloom has descended across all of the major ship recycling destinations whilst prices, demand, and sentiments are all retreating, as a miserable supply of tonnage and continued struggles on L/C financing issues plague the most recent deliveries into Bangladesh and Pakistan, the recycling industry has certainly been through a tough and quiet week.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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