It was a quieter
overall week in Pakistan as Indian and Bangladeshi buyers stole the headlines
(in terms of tonnage secured). Gadani buyers have acquired their share of well
priced tonnage of late with various aframax, suezmax, and VLCC tankers making
their way to the shorefront.
As a result, some
of the aggression to fill plots may be waning and a shift in momentum may be
seen in the upcoming weeks, to competing sub continent markets whose plots
remain empty and the hunger to buy, increasingly more impressive.
Having dominated
the price charts and overall sales volumes for the best part of two months,
Pakistan can look back with extreme satisfaction for large chunks of the year
and lay claims to a job well done.
Gadani is fast
becoming known as the go to market for larger LDT vessels and the market has so
far remained largely insulated to the regular and harmful fluctuations of both
India and Bangladesh.
Source: steel guru.
16 September 2014
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