Athenian Shipbrokers: Demolition Quick Update – Week 24 (2020)

15 June 2020

Athenian Shipbrokers

Demolition Quick Update

08 – 12 June 2020

Source: Athenian Shipbrokers

Even though freight rates are rising and several vessels have been committed or proposed, prises & demand remain stable and huge losses have been recorded. In Bangladesh demand and pricing improved by local recyclers as Covid-19 restrictions are slowly abrogated. India’s demand is seemingly diminished and is danger of falling behind the market. Pakistan reduced income taxes and custom duties in order to boost local market’s confidence.

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