Shiptrade Services SA Weekly Demolition Market Report for WEEK 39 of 2011:

WEEK 39: 26th September to 30th September 2011

• The Global financial crisis has hit the demolition markets.
• Bangladeshi market is weakening also because October 12^th (end of current extension date for operating shipbreaking) is near.
• In India the market volatility is present with levels receding and buyers having mixed feelings about further purchases.
• Pakistan seems to be back in the market with one more acquisition in view of the signs of balancing with the levels of the general subcontinent.
• China has decreased the price levels further by USD 15 / Ton.

Demolition Sales:

Demolition Prices ($ / Ldt):

	Bangladesh	China	India	Pakistan
Dry	500	430	500	490
Wet	525	450	525	515

Demolition Prices:

Bulk Carriers (2008 – Today)

Tankers (2008 – Today)

Source: Hellenic Shipping News (Sourced from Shiptrade Services SA, www.shiptrade.gr).  3 October 2011

http://download.hellenicshippingnews.com/pdf/Week%2039.pdf