Concern is growing that once again the order to lift a scrapping ban in Bangladesh may not be issued in time for ships to catch the next beaching tide.
The judge responsible for signing the document which would bring Bangladesh back into the demo market after a 10-month gap is scheduled to make a written declaration this Sunday.
But broking sources are expressing strong doubts as to whether the much-sought paper will appear.
Ed McIlvaney of EBM Shipbroking says he hopes that full details of the regulations will be released on Sunday.
The High Court decision was handed down on 7 March but issuance of the written regulations has been delayed twice already. McIlvaney intimates that he believes pressure from environmental lobbyists and Non-Governmental Organizastions (NGOs) is causing the delays.
Brokers and other sources close to the situation say that up to 20 ships may already be at anchorage waiting to be beached, following the cash buyers’ quick moves to secure tonnage.
Greek broker Dimitris Koukas says he is deeply concerned that about half a dozen bulk carriers which have been sold through his company, Optima Shipbrokers, to Bangladesh will miss the coming beaching tides.
Koukas reveals that he has brokered the sales to Bangladesh of at least three capesize bulkers, including the Polembros-controlled 138,000-dwt Good News (built 1982), and another three ships involving totally upwards of 100,000 tonnes of steel.
"Because the court order has not come out in writing, people can’t get local documentation, letters of credit cannot be issued and nothing can be done," Koukas said.
He said there were issues that could arise such as whether the vessels waiting would have sufficient bunkers or supplies for the crews to last till the forthcoming beaching tides.
The next immediate beaching tide is from 19 to 22 March and the following one from 4 to 7 April.
In addition to requirements such as tankers being gas free for hot works and the removal of toxic gases and hazardous materials from ships before cutting activities can start, the regulations are also expected to contain a number of rules that it will not be possible to initiate immediately. These include the training of labourers at an institute to be supervised by the Bangladesh Marine Academy.
"All this has a negative impact on Bangladesh. People will think twice about selling to Bangladesh buyers, despite possibly better prices," Koukas said.
Source: Tradewinds. issuer: eshiptrading.com; 18 March 2011http://www.eshiptrading.com/InfoContent-41918-0.html
The judge responsible for signing the document which would bring Bangladesh back into the demo market after a 10-month gap is scheduled to make a written declaration this Sunday.
But broking sources are expressing strong doubts as to whether the much-sought paper will appear.
Ed McIlvaney of EBM Shipbroking says he hopes that full details of the regulations will be released on Sunday.
The High Court decision was handed down on 7 March but issuance of the written regulations has been delayed twice already. McIlvaney intimates that he believes pressure from environmental lobbyists and Non-Governmental Organizastions (NGOs) is causing the delays.
Brokers and other sources close to the situation say that up to 20 ships may already be at anchorage waiting to be beached, following the cash buyers’ quick moves to secure tonnage.
Greek broker Dimitris Koukas says he is deeply concerned that about half a dozen bulk carriers which have been sold through his company, Optima Shipbrokers, to Bangladesh will miss the coming beaching tides.
Koukas reveals that he has brokered the sales to Bangladesh of at least three capesize bulkers, including the Polembros-controlled 138,000-dwt Good News (built 1982), and another three ships involving totally upwards of 100,000 tonnes of steel.
"Because the court order has not come out in writing, people can’t get local documentation, letters of credit cannot be issued and nothing can be done," Koukas said.
He said there were issues that could arise such as whether the vessels waiting would have sufficient bunkers or supplies for the crews to last till the forthcoming beaching tides.
The next immediate beaching tide is from 19 to 22 March and the following one from 4 to 7 April.
In addition to requirements such as tankers being gas free for hot works and the removal of toxic gases and hazardous materials from ships before cutting activities can start, the regulations are also expected to contain a number of rules that it will not be possible to initiate immediately. These include the training of labourers at an institute to be supervised by the Bangladesh Marine Academy.
"All this has a negative impact on Bangladesh. People will think twice about selling to Bangladesh buyers, despite possibly better prices," Koukas said.
Source: Tradewinds. issuer: eshiptrading.com; 18 March 2011http://www.eshiptrading.com/InfoContent-41918-0.html
No comments:
Post a Comment