Sensing a bargain or two, Bangladeshi buyers have been talking rotten rates this week and have even managed to conclude one or two cut price deals from desperate cash buyer inventories.
The first tide in December may well be an interesting one with several high priced deliveries set to take place, and the integrity of various end buyers will come into sharp focus over this period.
Two smaller LDT market units were concluded this week from Far Eastern owners, with the general cargo units BRIGHT FUTURE (1,936 LDT) sold for a bargain USD 400 per LT LDT and the FREEDOM (3,663 LDT) committed ‘as is’ Shanghai for a firm USD 380 per LT LDT with 300 T bunkers ROB.
Source: steel guru. 3 December 2014http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_48/353688.html