The first week back after Eid
holidays saw very little changes to the status quo in Bangladesh, with prices
stagnant even if demand appeared to be returning.
Cash buyers began negotiating
many of their 'as is' vessels - yet prices remained some ways away from
expectations. For that reason, there were very few market sales to speak of -
particularly whilst competing sub- continent markets continue to perform
relatively well.
Pakistan has been the market for
most of the VLCCs sold recently - with the simple fact that it can take vessels
gas free for man entry as opposed to hot works clean (and the significant costs
associated with it).
Meanwhile, the continued
political turmoil caused by the opposition partv strike has resulted in At
least 5 deaths in the last few days, which is another unsavory distraction for
those in Bangladesh and is one that has plagued the country for the most part
of this year.
Source:
steel guru. 29 October 2013
No comments:
Post a Comment