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GMS report on Bangladesh ship breaking industry for WEEK 34 2012

Steel News - Published on Tue, 28 Aug 2012

Despite Eid holidays, Bangladeshi buyers still managed to tuck away their share of market vessels with some interesting sales concluded for the week.

The slightly un-fancied bulkers of 7,000 LDT and below (OCEANLIXE I and SAFE RISE) obtained levels of USD 415/LT LDT and USD 511/LT respectively whilst the favored Ukrainian built OKEAX type UNITED (13,755 LDT) achieved a mightily impressive USD 448/LT LDT.

Despite many buyers keen to enjoy their holidays and already stuffed from previously concluded vessels, the number of deals comes as something of a surprise and it wall be interesting to see how the market opens up (and performs) post-Eid.

Source - GMS Weekly


Posted By : admin on Tue, 28 Aug 2012
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