The scrap market remains in the doldrums despite a capesize arriving in Bangladesh at a firm price.

Cash buyer Global Marketing Systems (GMS) quotes Bangladesh as offering the highest prices currently, with container ships attracting $590 per ldt, tankers $580 per ldt and bulkers $570.

New Andhra Pradesh ship recycling project will be an industry-wide collaborative effort
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TradeWinds is told the 170,000-dwt Shiny (ex Shinyo Fortune, built 2002) fetched $610 per ldt or $13.4m,