11 July 2012

GMS weekly report on Pakistan shipbreaking industry for WEEK 27 of 2012:

A few more enquiries to buy emanated from Gadani buvers this week, but very few material sales were concluded for the week as available tonnage was redirected to stronger competing markets.

A number of tankers have been sold into Pakistan, gas free for man entry only, over previous weeks and this is one area that Gadani buyers have continued to exploit and excel of late.

There were rumors that the full spares Vietnamese owned VSP DIAMOND (11,872 LDT) had been sold for an incredible price close to USD 400 per LT LDT but these were unfounded at the time of writing due to the usual lengthy time for any Seller's BOD to be lifted.

Source: steel guru. 11 July 2012

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