21 Aug 2023
Lethargy Continues in Ship Recycling Market
The lethargy in subcontinent recycling markets continues for another week as owners and cash buyers continue to offload tonnage at spiralling prices, chasing down rates seemingly by the day, reports GMS.“We have seen prices decline from over USD 600/LT LDT earlier this year, to seeing several standard (albeit poor condition) dry bulk sales below USD 500/LDT recently.”Therefore, a fall of over USD 100/LDT…
20 Aug 2023
Iranian Oil Cargo Being Unloaded After Long Delay
A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge…
