The ship recycling market is still experiencing muted sentiment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India, “the market remained relatively strong during most of the week, though it softened toward the end, reflecting some downward adjustment in prices. Buying appetite is still visible, though prices have come off slightly.
Overall activity remains cautious but steady as participants adjust to recent price movements. In Bangladesh, the market has shown some movement, with buyers displaying keener interest in securing vessels. Although the local market has not improved, stronger buying interest is giving the market better momentum. Sentiment is gradually improving, supported by stronger willingness from the market participants”.
Source: Best Oasis
Best Oasis added that in Pakistan, “there is still good movement from buyers, although momentum has slowed somewhat due to the recent floods. Despite these challenges, buying appetite remains intact, helping to keep the market supported. Overall sentiment is cautiously optimistic, with buyers continuing to show interest even amid disruptions. In Turkiye,…