06 October 2011

Shiptrade Services SA Weekly Demolition Market Report for WEEK 39 of 2011:

WEEK 39: 26th September to 30th September 2011

  • The Global financial crisis has hit the demolition markets.
  • Bangladeshi market is weakening also because October 12th (end of current extension date for operating shipbreaking) is near.
  • In India the market volatility is present with levels receding and buyers having mixed feelings about further purchases.
  • Pakistan seems to be back in the market with one more acquisition in view of the signs of balancing with the levels of the general subcontinent.
  • China has decreased the price levels further by USD 15 / Ton.
Demolition Sales:


Demolition Prices ($ / Ldt):


Bangladesh
China
India
Pakistan
Dry
500
430
500
490
Wet
525
450
525
515

Demolition Prices:

Bulk Carriers (2008 – Today)


Tankers (2008 – Today)


Source: Hellenic Shipping News (Sourced from Shiptrade Services SA, www.shiptrade.gr).  3 October 2011

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