This week, Bangladesh despite a dearth of deals done was the only sub-continent market to hold up on levels and enquiries from end buyers.
Fewer preferred units were available capesize bulkers and larger LDT tankers gas free for hot works, but end buyers did make the best of what was available including a few handysize bulkers (including clinker carriers!) with offers below USD 400/LT LDT and even containers for certain buyers.
With China out of action for the New Year holidays, it may be that the Bangladesh market sees a few more candidates as vessels positioned in the East become available again.
Source: Steelguru. 12 February 2013http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_6/301381.html