11 April 2012

GMS report on BANGLADESH shipbreaking industry for WEEK 14 of 2012:

A certain confidence has been returning week by week into the Bangladeshi buying sentiment with far more enquiries emerging and deals eventually being done. This is encouraging news given the fallibility of the Bangladeshi market over the first few months of reopening.

Indeed, many deals already committed to India (and mostly on the way over from the East) are now being talked of as Bangladesh candidates given the respective fortunes of both markets currently.

Cash buyers too have started to position their 'as is' units to Chittagong shores and Chinese buyers have again become aware of the threat from their nearest competitor and have needed to position their numbers accordingly so as to secure units under intense competition.

Source: Steel Guru (Sourced from GMS Weekly). 10 April 2012

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