KDB mulls liquidity injection for DSME

Korea Development Bank (KDB) is doing due diligence into Daewoo Shipbuilding & Marine Engineering (DSME) to determine if South Korea’s third-biggest shipbuilder should receive funds to avert a liquidity crunch.
South Korean media reports claim the country’s Financial Services Commission is pressing
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Shipbreaking industry facing recession

No ships were reported as sold for recycling into South Asia from 13-17 July as the Ramadan holidays and falling steel prices in India removed all appetite to purchase vessels.
Scrap prices of bulkers deteriorated to USD310-315/ldt, compared with USD325-335/ldt from 6-10 July. Over the same period,
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