- Hearing not heard
- Months of uncertainty ahead
Date Undecided:
The anticipated court hearing for the market
extension failed to take place this week, and with Bangladesh
That should be ample time then for the relevant
parties concerned to look fully into the fatal accident that occurred in one of
the yards two weeks ago. A report has to be submitted to the BSBA who will then
judge what changes need to be made, in order to prevent similar events from
occurring again in the future.
Subsequently, it is expected that the market will
more titan likely be out of action once again, for the whole of November and
possibly part of December as well.
As usual, getting the court to even sit and review
the case (let alone sign the extension) is half the problem, and with the
hearing date yet to even be set at this time, the worst fears of many a cash
buyer are being confirmed.
NO Market Sales Reported
Source: Steel Guru (Sourced from GMS Weekly). 1 November 2011
http://download.hellenicshippingnews.com/pdf/October%2028,%202011.pdf
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