Subscribe to RSS feedBangladesh breakers suffer court setback over ban on beaching
by
Brian Reyes
—
last modified
Aug 18, 2010 01:31 PM
A COURT adjournment has put ship demolition in Bangladesh on hold until at least October, with rates in other centres likely to soften on the back of straining capacity.
Although ship breakers in Bangladesh had hoped for a resolution to the ban on beaching beforemid-2010, local reports suggest this is now unlikely until October.
In practical terms, it means Chittagong yards remain unable to purchase new tonnage despite...
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