A far more positive week ensued in Pakistan this week as several larger LDT capesize bulkers were sold from existing cash buyer inventories, in addition to freshly proposed market candidates.
End users appeared far more willing to commit to new units at these levels having received some encouragement from the lack of negative news in the Indian budget (as had been expected this week).
It was therefore no surprise to see the Noble controlled AQUA CHALLENGER (22,695 LDT) fetch a firm USD 400 per LT LDT with approximately 2,000 Tons of bunkers remaining on board at the time of delivery (about 17 to 18 USD per LDT of value). The vessel had been sold via a court auction in the US with ex owners reportedly failing to pay their bills to the charterers.
Another sale of note saw the Chartworld controlled STAR YANDI (20,535 LDT, 96 built in Korea) sold for a decent USD 397 per LT LDT with 1,000 T bunkers remaining onboard.
Source: steel guru. 3 March 2015