Subscribe to RSS feedBreaking Even
by
Obsidian
—
last modified
Mar 12, 2009 12:00 AM
This time last year, breakers yards across the Indian subcontinent were struggling to remain open, as owners kept their ageing ships operating at the height of the shipping cycle, refusing to send them on their final journey.
Fast forward to 2009, and Anil Sharma, president of GMS, the world's largest cash buyer, surveyed a very different scene during a recent trip to Pakistani yards.
Yards looked like car parks, he told a ship recycling conference in...
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