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

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,