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GMS update on Pakistan ship breaking industry for WEEK 46

Steel News - Published on Tue, 23 Nov 2010

The buying activity continued for the week in Pakistan as 3 more market units found their way to local buyers. Demand post Eid has really seen Pakistani buyers competing far more aggressively with their Indian counterparts and for the first time in some months, the sales board managed to register more than that of their neighbors.

Two PKSC ships have been sold recently, the BOLAN achieved a firm USD 44S/LT LDT and the aframax tanker SWAT received USD 467/LT LDT. The sister ship JOHAR is due to be sold next week with Pakistan now perhaps the most obvious and likely destination.

With levels improving along with steel prices, it should be a busy finish to the year as the aggression to stockyards shows no sign of letting up.

(Sourced from GNS Weekly)

Posted By : admin on Tue, 23 Nov 2010
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