ATHENS (Scrap Monster) : The
industry experts who gathered at the Marine Money Conference, held on 16th
October in Athens, have predicted a reduction of 20% in ship breaking activity
in entire 2013 over the previous year. The ship breaking activity had touched
record high in 2012.
According to latest available
industry data, the ship breaking activity in India during the initial nine
month period of the current year is only around 2.35 million LDT. The figures
are significantly lower when compared with 4.4 million LDT recorded during the
entire year 2012. The total number of vessels received until September this
year is just 250, considerably less when compared with 500+ received during the
entire year 2012.
The shipbreaking activities in
Bangladesh and Pakistan are anticipated to drop by nearly 20% in 2013
year-on-year.
The shipbreaking industry had
seen a dramatic growth over the four years from 2009 to 2012, with annual
turnover of demolition market surging almost 6 times. But, the latest figures
for the current year suggest a drastic slowdown so far this year.
Source:
Scrap Monster. 25 Oct 2013
No comments:
Post a Comment