Alack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s market initially displayed stability but soon faced a downturn, indicating a decreasing trend in performance. Bangladesh’s market continued its phase of cautious buying, with buyers preferring to negotiate for vessels at lower prices, leading to a lull in aggressive buying activities. Pakistan observed a period of calm, marked by a stagnant market with no significant shifts or events.
