With Chinese levels slipping to even below those of Turkey, there was little hope for open buyers to secure international tonnage.
Pricing stands at around USD 300/LT LDT for dry vessels (and below even for smaller LDT units) and about USD 15-20/LT LDT higher for decent LDT units, container vessels and tankers.
Non state owners ineligible for the subsidies were of course seeking to bring their vessels over to the Indian sub continent range to enjoy the USD 150/LT LDT premium available for same.
Source: Steel Guru. 15 April 2014http://www.steelguru.com/international_news/GMS_weekly_report_on_China_ship_breaking_industry_for_WEEK_15/336865.html