Another quiet week in Bangladesh
Whilst a selection of cash buyers has managed to offload some of their 'as is' tonnage, there is still a significant amount remaining. Additionally, no owners have vet managed to bring vessels in themselves, in the usual delivered manner for beaching.
It remains a delicate situation locally with nobody entirely sure whether fresh permissions will be granted to authorize new clearances or whether those who have already beached must prove themselves capable of fulfilling the 62 conditions before others can attempt to do likewise.
Whilst a selection of cash buyers has managed to offload some of their 'as is' tonnage, there is still a significant amount remaining. Additionally, no owners have vet managed to bring vessels in themselves, in the usual delivered manner for beaching.
It remains a delicate situation locally with nobody entirely sure whether fresh permissions will be granted to authorize new clearances or whether those who have already beached must prove themselves capable of fulfilling the 62 conditions before others can attempt to do likewise.
The buying activity continued for the week in Pakistan
Two PKSC ships have been sold recently, the BOLAN achieved a firm USD 44S/LT LDT and the aframax tanker SWAT received USD 467/LT LDT. The sister ship JOHAR is due to be sold next week withPakistan
With levels improving along with steel prices, it should be a busy finish to the year as the aggression to stockyards shows no sign of letting up.
Two PKSC ships have been sold recently, the BOLAN achieved a firm USD 44S/LT LDT and the aframax tanker SWAT received USD 467/LT LDT. The sister ship JOHAR is due to be sold next week with
With levels improving along with steel prices, it should be a busy finish to the year as the aggression to stockyards shows no sign of letting up.
Indian ship breaking industry - WEEK 46:
As Diwali and Eid holidays reached their conclusion, it was back to business as usual for the Indian market, with sentiment remaining healthv in what has been a bullish end to the year so far.
AsPakistan have come back into the picture and Bangladesh have begun to beach a few units (although a full market reopening it most certainly is not), India
ODFJELL continued their clear-out of older tonnage as the BOW PANTHER (9,563 LDT) found a buyer for a two month forward delivery at basis January 2011 cancelling. Its destination will be a fully approved green recycling facility in Alang and the vessel fetched a very firm price region USD 4S0/LT LDT, thanks to 70 tonnes of stainless steel in deck and cargo lines, along with the generally excellent condition of their vessels, which ensured the premium price.
Unless some unmediate and positive solution can be found with regards toBangladesh
As
ODFJELL continued their clear-out of older tonnage as the BOW PANTHER (9,563 LDT) found a buyer for a two month forward delivery at basis January 2011 cancelling. Its destination will be a fully approved green recycling facility in Alang and the vessel fetched a very firm price region USD 4S0/LT LDT, thanks to 70 tonnes of stainless steel in deck and cargo lines, along with the generally excellent condition of their vessels, which ensured the premium price.
Unless some unmediate and positive solution can be found with regards to
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