A fully functioning Bangladeshi market post-Eid, brought with it an increased appetite and some improving numbers on available vessels.
Whilst still not yet reaching the highs of Pakistani buyers at present (on their favored large LDT units), it appears that one mini capesize bulker, the GH RESOURCES (15,305 LDT) from Hong Kong based owners with the unfancied SPS (sandwich plate system) installed looks likely to head to the shores of Chittagong, having been committed for USD 467 per LT LDT ‘as is’ Xiamen to Hong Kong range with approx 350 T bunkers remaining on board. Meanwhile, local steel plate prices and currency have, as highlighted below, performed fairly steadily over the first seven months of the year.
Source: steel guru. 12 August 2014