15 November 2012

GMS weekly report on Chinese shipbreaking industry for WEEK 45 of 2012:

As really the only firm market open to buy at the moment, it was surprising not to see more deals concluded to Chinese buyers this week.

A flurry of activity recently has certainly raised expectations, but there was little to report this week in terms of market sales.

Indeed most owners with vessels in the Far East are now looking at China as the market to go to with sub continent levels softening as they have done. Expect a busy end to the year here.

Source: Steel Guru. 15 November 2012

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