27 February 2013

GMS weekly report on Pakistan shipbreaking industry for WEEK 8 of 2013:

After a busy recent few weeks taking in their preferred larger tankers gas free for man entry only it was a quieter week for Pakistan with not as many of their favored units hitting the market as India took the best of the rest smaller handysize bulkers and containers.
Price remains competitive with their Indian sub‐continent rivals and for the right units can be pushed on to impressive levels. The propensity to avoid container vessels due to beaching draft issues has seen Gadani buyers miss out on a vital supply of tonnage with such units receiving numbers similar to and even excess to tankers in India of late.
Source: steelguru. 26 February 2013

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