Movements in the newbuilding market are usually duplicated for the secondhand market. After an emphasis on bulk carrier transactions, buyers have now stepped up interest in tankers. Values have increased as a result but still remain low. The one bright spot is in demolition where US$400/ldt was breached for an Aframax tanker, with Bangladesh the destination. Ironically, intense competition between the four main recyclers of Bangladesh, India, China and Pakistan has conspired to raise prices at ....

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