Amidst some hugely competitive numbers from their Indian neighbors, Gadani buyers had to be at their best this week to secure any tonnage.
With several buyers open tor larger tonnages on otter it was no surprise to see the 22,851 LDT bulker, WELMOUNTAIN sold for a strong price region USD 415 per LT LDT.
Deliveries and beachings continue at pace in Gadani as well with local buyers very much sharing the present burden of vessels nicety with India at a time when Bangladesh very much remain on the sidelines.
Source: Steel Guru. 16 October 2012http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_41/287812.html