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Scarce tonnage creates two-speed ship recycling market, says Wirana

Original · Hellenic Shipping News Worldwide · Shipping · 2h ago
A widening gap between ship recycling markets across the Indian subcontinent is showing that local yard appetite, financing conditions and available capacity are increasingly influencing vessel values independently of regional steel-price movements, according to Wirana Shipping. In Bangladesh, the shortage of recycling candidates and strong demand from yards are encouraging recyclers to bid above…
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