Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Bangladeshi & Pakistani Budgets have also gone by, both of which
delivered adverse impacts on vessel offerings, as well as negative sentiments
at each location. India isn’t too
far behind with mixed feelings about their own upcoming budget, after unexpected
election results greatly affected local mindsets about the immediate economic
future of the nation.
As such, we can only hope that with the announcement
of India’s budget, the most pronounced impact on these markets would finally
conclude for 2024...the report states.
Turkey remains dead at the scene of the crime for
several quarters now, despite local vessel offerings that have made a
remarkable leap earlier in the year. At the Macro end of things, the supply of
recycling tonnage remains distracted by impressive freight rates that have
unfortunately galvanized by the incursions on merchant vessels in the Red Sea
shipping lanes.
And with the Israeli Defense Cabinet’s recent
announcement of expanding incursions against Hezbollah in the North only last
week, with retaliations expected from Hamas in the South, there are signs of
hope in that, news of Hamas leaders considering a U.S. cease fire proposal
along with a possible exchange of hostages has only come through as the week
ended. Moreover, as older vessels
enroute to disports and are due to get their SS / DDs by the end of June this
year, could see a batch of fresh vessels to come within the end of July / early
August.
Overall, as recycling prices cool off by about USD 20 – USD 25/LDT in
the sub-continent markets, it is almost
guaranteed to be an inadvertent period of relief for recyclers as tonnage
shortage still maintains a militaristic hold on the availability of meaningful
bulkers, tankers, and containers for the recycling markets to absorb and as
such, a slumber-some monsoon might
continue at the subcontinent recycling destinations as the world gradually
starts to head off on summer holidays.
