The steps are still slow to cross the ship recycling market
THe sent a recycling market to have no momentum for the past week. In its latest weekly report, the best oasis (www.best-oasis.com), a leading cash buyer said that “Ship-recycling markets throughout South Asia and Türkiye continue to face lack of momentum, with better sentiment and more stagnant activities. In India, conditions remain flat because demand does not show any meaningless increase. Last week.
Source: Best Oasis
“In all regions, recycling remains cautious, without signs of direct improvement. Outlook OPEC view projects that have just been released global oil demand will increase stable to 123 million barrels per day in 2050, driven by industrial growth and no existing improvements in countries that do not exist. Activities continue to be influenced more by local fundamentals, obstacles, and purchasing flowers are weak than estimated demands.
In this week’s separate note, the Shipbroker Intermodal noted that “the ship recycling market has a slow speed last week, with operational disorders related to monsole and uncertainty about the post-HKC regulations. Meanwhile, trade negotiations with the ongoing rate. compliance.
Source: Intermodal
“Likewise, the Pakistani ship recycling sector remains in Limbo because it navigating transitions to HKC standards. With no full certified yard at this time operational, only a few facilities that exceed 60% of this increase in compliance with compliance have been given with matters that are limited by consequences. Tonnage, which results in a significant decline in market activity.
Nikos Roussanoglou, Hellenic Shipping News worldwide
