Athenian Shipbrokers: Demolition Quick Update – Week 19 (2020)

12 May 2020

Athenian Shipbrokers

Demolition Quick Update

04 – 08 May 2020

Source: Athenian Shipbrokers

A slow and cautious uplift of restrictions has been noted this week, enabling ship recycling markets to get back to work. In Bangladesh special permissions where granted, as a first sign, in order to beach a number of vessels anchored outside, for almost a month. In India the majority of the workforce has returned in their hometowns leaving the permissioned yards without sufficient workers to operate property. In Pakistan the extension of lockdown until 16/05 along with the Ramadan has left the local recycling market neutral.

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