- Pre-holiday improvements?
Decline or Rise:
Chinese buyers remained keen to acquire pre-mooncake holidays and finished the week as the second most active international market with two sales that registered.
The 'as is' sale of the bulker KADMOS with 500 T IFO remaining on board in Lianvungang, North China had all the hallmarks of a Bangladesh or even Indian purchase but it will take a fairly punchy number just to breakeven on today market.
The bulker Fu Jin (6,718 LDT) went for a firm USD 460/LT LDT into a North China (
region) shipyard as prices remained
stable (as they have been for a long time) but with no definite signs of
decline or rise. Shanghai
Source: GMS Weekly. 12 September 2011