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GMS update on Shipbreaking in Turkey in Week 2 - CRUISING

Steel News - Published on Wed, 17 Jan 2018

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After weeks of firming prices, the Turkish market seems to have found a plateau of sorts, as local steel plate prices maintained a degree of stability and prices (for ships) too cruised the week at those similar to last.

The Turkish Lira was the only fundamental fluctuating in disagreement however its weakening against the Turkish Lira was not strong enough to affect offers from Aliaga Buyers.

As such, there remains an abundance of small-to medium-LDT tonnage being proposed to the Turkish recycling market, in addition to a healthy majority of rigs that have been arriving the Aliaga waterfront for green recycling. On the other hand, a majority of the “larger” LDT units are decidedly heading towards sub-continent shores in order to exploit some of the fantastic prices on there.

As reported last week, local sentiment is at a stable / steady place and most are expecting a short-term positivity to prevail.

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Posted By : Nanda Koijam on Wed, 17 Jan 2018
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