Ship scrap prices could plummet to $100 per ldt

Steve Matthews - Friday 8 May 2009

PRICES for ships sold for recycling could fall as low as $100 per ldt in the coming months, as demand for ship demolition continues to grow.

Demand in increasing at a time when shipbreaking facilities are full to capacity and could increase if more tanker owners look to sell vessels for scrap.

A broker, who preferred not to be identified, tol...

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