The ship recycling market has livened up over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “whilst levels in Bangladesh and Pakistan remain firm, but steady to an extent, prices from India have increased significantly this week, as evidenced by the sale reported below of a capesize bulk carrier. Steel producers in India and local Sellers of the inventories are anticipating increased exports to Europe and higher steel production costs due to the possibility of tighter steel and coal supplies because of the conflict in the Ukraine. Russia and Ukraine are among the top global exporters of steel with the majority being exported to European countries.
