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GMS weekly report on Bangladesh ship breaking industry for WEEK 46

Steel News - Published on Tue, 23 Nov 2010

Another quiet week in Bangladesh, in terms of NOCs granted and beachings taking place, left many questioning once again, the industry and the optimism surrounding the most recent set of beachings.

Whilst a selection of cash buyers have managed to offload some of their \'as is\' tonnage, there is still a significant amount remaining. Additionally, no owners have vet managed to bring vessels in themselves, in the usual delivered manner for beaching.

It remains a delicate situation locally with nobody entirely sure whether fresh permissions will be granted to authorize new clearances or whether those who have already beached must prove themselves capable of fulfilling the 62 conditions before others can attempt to do likewise.

Posted By : admin on Tue, 23 Nov 2010
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