Following the sale of some larger LDT tankers in recent weeks into
Pakistan (the EAGLE OTOME, 15,646 LDT being the most recent), and the arrival
of FPSO SOUTHERNPEC 3 last week, the appetite in Pakistan seems to have picked
up.
Many of those end buyers who had remained so dormant during the currency
volatility earlier this year, finally appear to have woken up and are keen to
take on all types of large LDT units even in special cases, containers.
The Pakistani Rupee and scrap steel prices remain stable and many end
buyers are keen to stock their yards before the onset of monsoon season as well
as the Pakistani budget in June. They may also be mindful of the effect of the
Indian elections of mid May and the strong performance of the Indian Rupee last
week.
Source:
steel guru. 8 April 2014
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