Parties that had concluded scrap deals before the subcontinent banned vessel beaching are struggling to revise agreements during the pandemic.
Demolition broker Ed McIlvaney said no new sales had been concluded in the past week.
He added that most of the limited activity has come from sellers and buyers "trying to reach an amicable solution to the legal issues that many are faced with".
"Disappointingly, we are not hearing of any revised agreement being achieved, although there are a large number of sales which have failed to materialise including a number of capes or larger vessels suffering," he said.
The lockdown in Indian and Pakistan is scheduled to be lifted on 14 April, while Bangladeshi yards have delayed their opening date from 7 April to 12 April.
"We will only know during the course of the coming week whether or not any of the markets are able to reopen," McIlvaney said.
"In truth, it is considered extremely unlikely this will occur and we will possibly have to wait until the end of the month before any further decision is taken in this respect."
As the virus spreads, the shutdown in Singapore further adds to the burden of trying to get deals done on an "as is" basis, as the city if one of the major delivery areas for vessel bound for the subcontinent.
Another factor is the looming monsoon season in Asia, when business slows down anyway, as the workforce at breakers' yards return home.
Turkey remains open for scrapping, but at "substantially" reduced price levels, McIlvaney said.
The $200 per ldt barrier will prove difficult to break, he said.
