Ship Recycling Still Subdued

AI Summary

The ship recycling market in India remains subdued due to weak local demand for end products, casting a negative outlook on overall sentiment according to Best Oasis, a leading ship cash buyer. The report highlights ongoing challenges within the ship recycling industry.

The ship recycling market has remained subdued over the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market remained subdued during the week, with weak local demand for end products continuing to weigh on overall sentiment. Local steel ...