As Bangladesh tries its best to keep pace with a rampant Indian market, the competition intensified this week, particularly on geographically positioned tonnage with cash buyers assessing prices and merits in each location accordingly.
With many of the bigger buyers booked on the recent slew of capesize bulkers and larger container vessels concluded into Chittagong, enquiries began to emerge on smaller mid range vessels from 7-10,000 LDT.
With China emerging from holidays next week, the supply side of vessels stationed in the Far East is expected to pick up again to satisfy the demand of the remaining hot buyers.
Source: steel guru. 11 February 2014