30 September 2014

GMS weekly report on Pakistan ship breaking industry for WEEK 39 of 2014:

Pakistani buyers can reflect with some satisfaction on a bumper Q3 of the year, having imported several of their favored large LDT units including VLCCs, suezmax and aframax tankers (gas free for man entry only) along with a multitude of mid sized dry vessels and even tweens.

It was however a quieter overall week in Pakistan, with no new sales to report and a market seemingly content to wind itself down ahead of the upcoming Eid holidays.

Many of the hot buyers have been taken with tonnage of late, so it will be interesting to see how the market opens up again after the holidays to see whether the will to compete with Bangladesh and India still exists.

Source:  steel guru. 30 September 2014

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