22 August 2014

GMS weekly report on Bangladesh ship breaking industry for WEEK 33 of 2014:

The Bangladesh recovery post-Eid and Ramadan holidays has yet to fully transpire, with pricing yet to match both cash buyer and owner expectations alike.

As a result, juicy high LDT vessels continue to bypass Bangladesh from the East, to exploit the excellent pricing presently on show from the fully firing Pakistan market.

End buyers will need to swiftly get their act together, should they wish to secure favored tonnage as vessels are simply slipping through their fingers at present.

A brief and small drop in steel prices (about USD 2 per LT LDT) brought some midweek murmurs to the market, but the overall fall was relatively inconsequential and prices are expected to improve moving forward.

Source: steel guru. 19 Aug 2014

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