01 February 2015

GMS weekly report on Bangladesh ship breaking industry for WEEK 3rd 2015

At least 7 - 8 capesize bulkers have been offered into the Bangladeshi market this week, all with varying degrees of interest.

Levels have indeed declined over the week as those hot end users have booked themselves with units – both on a private basis and from existing cash buyer inventories.

Whilst capacity remains good, owners will probably have to accept lower realities going into the next few weeks as oversupply forces numbers down.

One decent LDT MPP/roro type, the Russian controlled ATLANTIC ELAND (10,286 LDT) was committed for a firm USD 435/LT LDT in the one market sale of the week.

MARKET SALES REPORTED –

VESSEL NAME
TYPE
LDT
REPORTED PRICE
ATLANTIC ELAND
MPP / RORO
10,286
USD 435/LT LDT

Source: steel guru. 20 Jan 2015

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