Pakistani buyers stayed hot on the heels of their Indian
competitors this week and whilst not able to take in the volumes, certainly
acquired the most eye catching sale of the week.
The aframax tanker EAGLE OTOME (15,646 LDT) from U.S. based
owners Icon Capital, looks destined for Gadani shores having been taken by the
relevant cash buyer for an extremely firm USD 474 per LT LDT as is Malaysia gas
free for man entry only.
The news last week that Pakistan had started to import their
first container vessels took many by surprise. With the first vessels set to
arrive imminently, it will be interesting to see how Gadani buyers get on (with
draft issues the usual complaint) to see whether Pakistan can offer a viable
alternative to India and Bangladesh on container units in the future.
Source:
steel guru. 1 April 2014
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