04 March 2015

GMS weekly report on Turkish ship breaking industry for WEEK 9th 2015

After several weeks of uncontrollable fluctuations, it appears that the Turkish market is finally starting to show signs of stability. It was therefore another week with no major changes in factors (ie steel prices and the local currency) affecting the prices for ships.

With levels stabilizing in the low USD 200s per LT, not only are end buyers but also ship owners seeming to show interest to negotiate as the reality of the prevailing levels gradually started to seep in.

Notwithstanding, the immediate future of the Turkish market would be of keen interest for those considering to sell their units into, considering China is returning back from their holidays post New Year.

Source: steel guru. 3 March 2015

No comments: