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Bangladesh cartel stays firmly in place... for the time being.
Publication: Europe Intelligence Wire Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Financial Times Ltd.
(From Lloyds List)
Byline: Shirish Nadkarni in Mumbai
THE prolonged period of inactivity on the ship demolition scene continues and the depressed mood of shipbreakers on the Indian sub-continent indicates that it will take some time before confidence returns to the industry.
A few weeks ago, when the Bangladesh shipbreakers' cartel was formed, there was widespread speculation that it would go the way of its predecessors...
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