A number of sales this week at fantastic numbers glossed
over what was a declining market this week in Bangladesh. The price of local
steel plate declined by almost USD 10 per LT LDT as end buyers began to
nervously withdraw offers.
All of this makes the sales of the INFINITE PROSPERITY
(13,617 LDT) at USD 472 per LT LDT and the PCTC SINGA ACE (12,226 LDT) at USD
445 per LT LDT ‘as is’ Singapore (with min bunkers) all the more difficult to
justify.
The selling points on the INFINTITE PROSPERITY in particular
concerned the 250 T bunkers, full spares and added 450 T of steel from a
self-discharging system installed by owners in China in 2010. PCC and PCTC
units on the other hand tend to be favored in Bangladesh due to the propensity
of certain end buyers to re use the decent quality steel to build new coastal
trading vessels.
Source: steel guru. 28 January
2014
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