- Three-week lockdown to slow down the spread of Coronavirus has completely halted ship recycling activities.
- Ships scheduled to arrive at Alang have been issued orders to halt before entering port limits.
- Port authorities not issuing no-objection certificates for ships to enter ports as ship recycling is not an essential industry to be kept operational during the lockdown.
As ICRA says industry perspective has turned negative, Global Marketing Systems, Inc, (GMS) says it’s impossible to give...
http://mfame.guru/industry-outlook-has-turned-negative-price-guidance-for-sale-impossible/