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GMS Market Commentary on Shipbreaking in Week 37 in Pakistan - RETICENT & HESITANT!

Steel News - Published on Wed, 18 Sep 2019

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Pakistani buyers remain on the subcontinent sidelines, unwilling to offer sensibly on any of the sparsely available vessels being proposed for recycling, seemingly nervous to dip back into the buying after over a year of being on the sidelines. Plots and port reports remain virtually empty and this is unlikely to change any time soon, with the prevailing attitudes in Pakistan being so reticent and overall hesitant.

However, there are unlikely to be many vessels coming their way, with all of the freight markets performing admirably and an alarming slowdown in the supply of eligible candidates to local Recyclers.

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Posted By : Rabi Wangkhem on Wed, 18 Sep 2019
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