Ship Recycling Slowing Down as Tensions in the Middle East Prevail

The ship recycling markets have been gearing up for a slowdown, after the outbreak of war in the Middle East. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the week saw elevated geopolitical activity in the Middle East, particularly surrounding developments involving Iran. Throughout this period, the …

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