The ship recycling market is predicted to accelerate in terms of activity during the coming weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there is hope that a more bullish market may come into play following rumours that the Chinese Government may decide to import steel rather than export which would have put paid to the recent caution of the Chinese flooding the Indian sub. Continent markets with cheap steel. These previous rumours had, we are reliably informed, affected the sentiment in the waterfront with the recyclers having held back from showing interest to acquire tonnage and thus this change in position from China, if true, should actually bring about a more positive approach from the recyclers and subsequently help to rekindle interest and push price indications northwards again”.
Source : https://www.hellenicshippingnews.com