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GMS weekly report on Pakistan ship breaking industry for WEEK 15

Steel News - Published on Tue, 15 Apr 2014

After some success in securing competitive market vessels and cash buyer ‘as is’ units, Pakistan buyers continued their (recent) good run with the acquisition of another aframax tanker, likely gas free for man entry only.

The Greek controlled KAPPA (15,301 LDT) fetched an impressive USD 490/LT LDT ‘as is’ Fujairah with sufficient fuel for the voyage over to Pakistan.

The sale follows those of several decent sized aframax units from US owners such as the OVERSEAS BERYL and EAGLE OTOME in recent weeks and shows that Pakistan is very much there to compete on large LDT units, seemingly even container units now (despite previous concerns surrounding beaching draft issues).

Source - GMS Weekly

(www.steelguru.com)

Posted By : admin on Tue, 15 Apr 2014
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