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
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