Another empty week
in terms of market sales masked a market that had (at least) been engaging in
some negotiations.
Several green and
undertow vessels had been negotiating for sale over the course of the week incoming
storms in the Far East encouraged those in the area to perhaps take the quicker
option of going to China rather than risking the voyage across to the sub
continent.
Government tonnage
of course continues to be proposed and concluded directly between yards and
owner, with time to exploit the generous state subsidies swiftly running out
next year.
Source: steel guru. 5
August 2014
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