SECOND-HAND MARKET GETS A NEW LEASE OF LIFE

摘要

The MPV fleet improved by 0.26 mdwt last month on the back of a slowdown in demolitions and a rise in deliveries. Scrapping activity declined in May because of the strengthening MPV freight market, a fall in scrap steel prices, the Ramadan holidays in South Asia, uncertainty in the market because of the forthcoming budgets in Pakistan and Bangladesh, and the monsoon season in India.