03 September 2014

GMS weekly report on Pakistan ship breaking industry for WEEK 35 of 2014:

Another week as top market performers saw Gadani buyers pick up one or two more interesting sales.

As well as talk in the market of a VLOC and suezmax tanker having being sold at very firm rates (with intention of a Pakistan delivery) over USD 500 per LT LDT, there was at least one other market sale that could be reported.

The smaller general cargo and tween vessel SOLEIL (2,382 LDT) sold for USD 453 per LT LDT this move being surprising due to the fact that it is usually India picking up such units due to the Pakistan aversion to smaller LDT units.

Source: steel guru. 2 September 2014

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