A pair of Petrobras product tankers acquired by cash buyer Best Oasis at auction more than a year ago are finally making their final voyages to Alang, with a third likely to follow later this year.
Their arrivals at the Indian ship-recycling centre will come at a time when Indian steel plate prices have fallen sharply in excess of $60 per ldt, which is expected to result in a quieter end to an otherwise remarkable year in which prices have more than doubled.
