Ship Recycling Markets Maintain Their Resilience

AI Summary

Ship recycling markets were broadly stable over the past week, with little change in conditions in India. A stronger US dollar against the Indian rupee was among the factors affecting the market.

The ship recycling markets were stable over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian recycling market remained broadly similar to last week, with little change in overall market conditions. However, the strengthening of the US dollar against the Indian rupee has ...