16 October 2012

Athenian Shipbrokers S A: DEMOLITION QUICK UPDATE: Week 40 2012

India still led the way during the course of last week providing by far the most competitive prices, followed closely by their Pakistani neighbours. Bangladeshi breakers continue to refrain from any activity, as the backlog of vessels already in cash buyers hands combined with breakers over-filled quotas have driven prices to plummet. Finally, despite a hopeful start, the Chinese market seems to once more stagnate, tempting pacific based tonnage to head towards the subcontinent.

Source: Athenian Shipbrokers S A (www.atheniansa.gr)  

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