Markets for Ship Recycling Seeking Further Development

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Markets for Ship Recycling Seeking Further Development

Over the past week, the ship recycling markets have presented a conflicting image. Leading cash buyer of ships, Best Oasis (www.best-oasis.com), stated in its most recent weekly report that "distinctive trends are observed in the ship recycling markets across four key destinations." With steady rates and positive market momentum, the Indian market is expected to remain favorable as long as supply levels remain stable and there are no significant geopolitical upheavals. Following the Eid vacations, Bangladesh's market has rebounded, showing a minor uptick in activity and an increase in queries. Next week, more distinct market tendencies are anticipated to become apparent.

In contrast, Pakistan's recycling sector is still calmer and receives less bids from recyclers than other subcontinental areas, according to Best Oasis. In the meanwhile, Turkiye

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