The ship recycling market has seen quite a lot of activity of late. However, it’s bound to quiet down, as a result of the Ramadan period. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we entered Ramadan this week, there was a subdued feeling across the sub-continent as end recyclers started to observe the holy month and retreat home. This has been a familiar theme of a quiet market across sectors in all regions for most of the year with a distinct lack of tonnage continuing to starve the ship recyclers.
