As the Embiricos VLCC
DELOS arrived and beached (undoubtedly for a loss for the concerned cash
buyer), Gadani end users started to turn their focus to other VL units in the
market.
The TM HARMONY remains
unsold (gas free for man entry only in Singapore), with the asking price
remaining too rich (up until now). Most VLCCs (unless with significant bunkers
or spares) today, on the resale front, are seeing USD 420/LT LDT at best.
There are also one or
two private units in cash buyer hands, but with cleaning and delivery costs
still to consider these may become Bangladesh vessels in time.
Otherwise, Pakistan was
unable to capitalize on the Indian holidays this week as another dry week was
realized on the sales board. With one or two sales still being discussed, that
may however change in the coming weeks.
Source:
steel guru. 13 November 2013
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