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GMS report on Pakistan ship breaking industry for WEEK 50 2012

Steel News - Published on Tue, 18 Dec 2012

Pakistan established themselves this week as firmly ahead of their Indian competitors with a greater aggression to buy at better numbers.

Indeed, the Danish built, ABS class, full spares panamax bulker 05TSEE MERCHANT considered to be a prime Indian candidate was surprisingly concluded to Gadani buyers for a highly impressive USD 410 per LT LDT.

With a paucity of tankers currently on the market and a lack of overall demand for container vessels, reefers and other general cargo/MPP types, Pakistan buyers have to switch their focus back to bulkers. With a less volatile currency and steel market than India, firm Gadani buyers seem able to outbid their Indian counterparts on desired tonnage at present.

Market sales reported

VESSEL NAMETYPELDTREPORTED PRICE
OSTSEE MERCHANTBulker12,926USD 410/LT LDT


Source - GMS Weekly.com

(www.steelguru.com)


Posted By : admin on Tue, 18 Dec 2012
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