GMS weekly report on Pakistan ship breaking industry for WEEK 10 of 2011:

Despite some very real demand for tankers and bulkers on the larger side it has been a struggle for Pakistan to pick up any units of late due to the reemergence of Bangladesh onto the scene and the diversion of many candidates as a result.

On the surface, there has been very little impact on price although as the number of vessels that elude their clutches increases price should be expected to pick up as a result. As it is though, demand remains strong with Pakistani buyers prepared to aggressively pursue only those units that catch their eye.

Source: SteelGuru. (Sourced from GMS Weekly.com). Tuesday, 15 Mar 2011

http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_10/195805.html