Indian ship recyclers are back in the buying game thanks to liner giants AP Moller-Maersk and MSC Mediterranean Shipping Company.
Ship recycling reports published by cash buyers and brokers over the weekend listed MSC as selling two container ships for recycling at Alang while Maersk sold one.
Although these deals specified strict HKC-compliant recycling, they came about as Indian recyclers were able to increase the price offerings above the $500 per ldt mark thanks to rising domestic steel plate prices.
