15 October 2012

Turkey Surpasses China İn Ship Recycling

Shanghai: The latest report from shipbreaking analysts GMS shows that
China’s continued inability to pay top dollar has seen Turkey surpass
it for business.

“The Chinese market showed few signs of picking up this week - indeed
even slipping further into the mire - as the Indian sub-continent
markets continued to operate some USD 100/LT LDT ahead,” GMS noted.
The Turkish market has now become the fourth market behind Bangladesh,
India and Pakistan with rates there some $20-30 per ldt ahead of

Source: Sea News. 21 September 2012

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