The lack of activity before Eid seems finally to be catching up with
buyers in Chittagong as an improvement in demand and pricing has been seen
locally upon the conclusion of the holidays.
However, levels have yet to push on to the highs that many cash buyers
may have been hoping for and there is only good demand on very specific units –
high LDT vessels (hot works for tankers) of course remain the preference as
ever.
However, banking problems still persist in Bangladesh and owners need to
be selective when choosing buyers for their tonnage, as those not able to
control LC timings from their end buyers may cause plenty of costly delays for
unsuspecting owners.
Source: steel guru. 14 October 2014
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