Athenian Shipbrokers: Demolition Quick Update – Week 23 (2020)

9 June 2020

Athenian Shipbrokers

Demolition Quick Update

01 – 05 June 2020

Source: Athenian Shipbrokers

Despite market’s slowly opening up, buyers are hesitant until some stability is seen, creating a downward pressure on prices and demand. Since local restrictions eased, India finally permits foreign crew to beach. Bangladesh as the first market to open up, with prices lower than India’s hasn’t yet seen local buyers conclude more tonnage. Pakistan is in a confusion, with Pakistan buyers stepping back and Gadani buyers being hesitant to buy, even though it’s considered as a good opportunity.

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