- 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 (Shanghai region) shipyard as prices remained
stable (as they have been for a long time) but with no definite signs of
decline or rise.
Source: GMS Weekly. 12 September 2011
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