03 April 2012

GMS weekly report on BANGLADESH shipbreaking industry for WEEK 13 of 2012:

Bangladesh finally started to show signs of a return to form as the cash buyers involved there began to get to grips with the new regulations in place to import ships and a greater confidence returned to the numbers and the buying.

Interest on the available Capesize and larger units in the market began to tell as more and more buyers began to step forward with enquiries to buy.

As ever though cash buyers had to be cautious in ensuring an onward sale was concluded to financially stable and capable end buyers - and owners need to be careful too, about whom they run with if they choose to sell their units into a still volatile and difficult Chittagong market.

Source: Steel Guru. (Sourced from GMS Weekly). 3 April 2012

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