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
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