Gillian Whittaker Athens
Indian cash buyer Somap International, headed by Dinesh Pandey, won plaudits this week for its performance on a demolition purchase that saw it absorb a loss of around $250,000 on a vessel bought for scrapping, after prices crashed.
Falling steel-plate prices in India over the past week saw scrap prices crash by an estimated $30 to $35 per ldt.
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