Ship recycling markets largely returned to normal trading this week (week 34, commencing 17 August), with six vessels sold for recycling according to demolition records held by IHS Maritime.
Three bulk carriers, one container/ro-ro ship, one general cargo ship and a vehicle carrier were snapped up by India (three), Bangladesh (one), and one undisclosed buyer (two).
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The biggest deal of the week was for the Marshall Islands-flagged, 1995-built bulk carrier Kurotakisan (87,890 dwt), which sold for USD330 per ldt. The majority of sales averaged just over USD300 per ldt.
Arrivals also picked up this week, reported IHS Maritime senior data transformation analyst Paul Clemenson. Eight ships, consisting of two bulk carriers, two general cargo ships, one drilling rig, one open hatch cargo ship, one passenger/ro-ro ship, and one pipe layer arrived at known yards in Turkey, India, and Bangladesh, and are waiting to be beached, he confirmed.
Turkey had five arrivals, with a flurry of activity at Aliaga on 20 August, India claimed two, and Bangladesh one.
The previous week, no beachings were reported.
This post was sourced from IHS Maritime 360: View the original article here.
