THe sent the recycling market that has been slow for the past week, but sentiments can soon change optimistic. In his latest report, Best Oasis (www.best-oasis.com), a leading cash buyer said that “Ship-recycling markets throughout India, Bangladesh, Pakistan, and Türkie continue Seeing a small improvement in imports, which has not affected local market conditions “.
Source: Best Oasis
“Overall, although there are signs of activities, significant challenges remain, and strong external drivers may be asked to significantly change the current market dynamics. The introduction of new tariffs by the US has caused economic uncertainty, with potential impacts including higher consumer prices and existing challenges by Mexico. Existing tariffs. Existing conflicts. underline a subtle balance in the dynamics of global trade and the potential to increase tension “, the best Oasis concludes.
In a separate report this week, the Shipbroker Intermodal added that “The main recycling market is still slow last week, burdened by uncertainty over US tariff policies, financing constraints, limited supply of candidates, and regional setbacks that are influenced by marketers, in India. Persistent. In the boat recycling sector, the ongoing LCS scarcity remains the main obstacle for buyers, limiting their purchase capacity despite increasing demand for ships in the range of 8,000-12,000 tons.
Source: Intermodal
Meanwhile, the exchange rate of the local currency against the US dollar remains stable. In Pakistan, the ship recycling market continues to witness the activity, with recycling showing great interest in the acquisition of the ship despite the difficulty in securing the LC and financing. However, the availability of recycled candidates remains limited, because it increases the goods market, especially in the dry bulk sector, has made the owner re -evaluate their options and postpone the disposal decision. The steel market remains slow, influenced by Ramadan. A broader economic struggle survived, regardless of financial assistance and loan repayment from UAE and China. Fund management has forced the government to implement budget cuts in various sectors, including ship recycling. Another sluggish week for the Turkish market, with the landscape remains unchanged. In the economic field, the government continues to implement contractionary monetary policies, which aims to gradually reduce inflation to 24% from 39% at this time. Turkish lira declined slightly against the US dollar, closed at 36.51 “, the ship concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide
