Despite a relatively steady Turkish Lira and steady
local prices for ships, the dithering availability (perhaps willingness of
owners to consider Tureky) due to the firmer prices on offer from the Indian
sub-continent, have ensured that most market vessels have sailed on for the
shores of West Coast India / Pakistan.
As a result, small LDT regionally available scrap
vessels have been the local flavor of late albeit in limited numbers.
With Turkey nearing the upper crux of what levels
have historically been at, it seems the domestic recycling market will have no
other choice than to wait until sub continent markets retreat to more
competitive levels.
Source: steel guru. 9 September 2014
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