16 July 2014

GMS weekly report on Turkey ship breaking industry for WEEK 28 of 2014:

The Turkish market remained steady for the second week of July with just a few units being delivered to the shores of Aliaga. The small size of vessels supplied to the local market did little to satisfy the appetite of local buyers as the prices paid to acquire the same were reportedly on the high side.

Meanwhile, steady steel prices and daily fluctuations of the Turkish Lira against the US Dollar (within range) neither encouraged an improvement nor negatively affected the prices offered for ships, as the week ended.

Notwithstanding, news of the sale of LPG MORES at a relatively modest USD 290 per LT LDT surfaced as the week ended.

Source: steel guru. 15 July 2014

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