The ship recycling market is looking for additional catalysts to pick up pace. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships globally said that “this week, recycling markets across regions like South Asia and Turkiye remained largely subdued, showing mixed trends. In India, a modest post-festival demand boost lent minor stability, though its persistence is uncertain. Bangladesh saw limited demand and minimal transactions, with prices holding steady but soft as many steel mills face challenges that restrict operations. Pakistan’s market stayed quiet, constrained by limited local scrap supply and reliance on imports. Turkey’s market was almost at a standstill, with minimal movement and no signs of near-term change”.
Source: Best Oasis
Best Oasis added that “as year-end approaches, buying activity could see an uptick in November and December, potentially influencing price dynamics. A period of potential change may be on the horizon. With Donald Trump’s return to the White House, the stage is set for possible economic shifts. His agenda includes tax cuts aimed at boosting domestic production, high tariffs to…