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View Full Version : Ship-Scrapping Prices Plunge in Buyer's Market: Freight - Bloomberg



NewsWhore
07-11-2012, 11:30 PM
Ship-Scrapping Prices Plunge in Buyer's Market: Freight (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE0CVyK5ijoYdJ6GVZj1jdoFafWPg&url=http://www.bloomberg.com/news/2012-07-11/ship-scrapping-prices-plunge-in-buyer-s-market-freight.html)
Bloomberg
... has made vessel purchases more expensive in their local currency. The rupee has been the worst performer among 11 major Asian currencies tracked by Bloomberg in the past year as the nation's slowing economic growth deterred overseas investments.

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