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Report on Bangladesh ship breaking industry for WEEK 47

Steel News - Published on Tue, 30 Nov 2010

No beachings for the last tide of November have left many with another uncertain feeling for the immediate future of the Bangladeshi market.

Despite the 14 or so vessels that have so far managed to beach in earlv November, there is no telling whether those will merelybe something of an exception or whether subsequent vessels are able to get the NOCs in place needed in order to beach. There is some hope that the required permissions will soon be forthcoming, but there can be no resting on laurels any more in Bangladesh.

Fresh NOCs have vet to be issued as the Director General of shipping has actually been out of the country so has not vet been able to grant any. It will therefore be an anxious few weeks ahead for concerned cash buyers with vessels waiting and vet more tonnage is arriving.

(Sourced from GMS Weekly)

Posted By : admin on Tue, 30 Nov 2010
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