Signs
of life began to emerge this week in the Bangladeshi market, with further
enquiries emerging, and a greater willingness to offer on market tonnage.
For
the most part, vessels have been bypassing Bangladesh altogether of late and
heading to Pakistani shores (especially on the large LDT tonnage). With levels
in Pakistan surprisingly muted following an overall positive budget, it may be
that we see a momentum shift back to Chittagong after their period on the sidelines.
Indeed,
one of the most eve opening deals in recent times was committed to Bangladesh
buyers this week as the full spares bulker AYA (6,900 LDT) was committed to one
keen cash buyer at USD 429/LT LDT.
Other
than being full-spare (bronze working propeller + bronze spare propeller)
having a good trading history, and this owners vessels being relatively well
maintained, it is not clear why she would fetch such a high price - or if the
concerned Cash Buyer was simply hedging his bets on a market improvement in the
coming month.
Source: steel guru. 11 July 2013
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