With levels stranded in the low USD 200s/LT LDT, it
was no surprise to see no new vessels committed into the Chinese market for
another week.
It will remain a quiet year on this front as the
government subsidies that are artificially keeping prices low, are set to run
until the end of 2015.
State owners with Chinese flagged tonnage will
continue to sell their older vessels for sale within China and this will keep
yards busy (on the scrapping as well as new building front) whilst ensuring
Sellers receive the generous subsidy for recycling their units within China.
Source: steel guru. 29 Jan 2015
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