For the last couple
of weeks, activity in the Turkish market appears to have kicked up a notch. Not
only did several vessels arrive locally for delivery / beaching, several more
have arrived this week too and rumors of a few more private deals being
concluded, surfaced as we the week ended.
There is the
expectation that the market, leading up into July and August, will likely
continue to improve as supply of (potential) scrap tonnage is expected to
increase, thanks in part to the weakening freight markets in the Med Black Sea
areas.
As such, the
Turkish market may once again become the geographical preference for small(er)
LDT units for whom sailing to through the Suez and on to the sub continent may
not be a preferable option.
Source:
steel guru. 1 July 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_26/342862.html
No comments:
Post a Comment