Chinese buyers led the way once again in terms of
new acquisitions, with three market sales to report and yet more interest from
yards keen to stock up on new units going into the new year.
Two Greek owners decide to cash in on the improved levels
on show the panama bulker Silver Arrow (11,400 LDT) and the Tomasos Brother
handy size unit Alexis (6,377 LDT) both fetching impressively number of USD
425/LT LDT.
The upswing on price has made Chinese buyers very
firm competitors with the Indian sub continent market- particularly for
geographically positioned vessels. The feeling is that prices may yet push on
may yet push on even further post Chinese New Year in February, and with steel
prices still strong, the year ahead should be another busy one for the emerging
powerhouse.
Source: Steel Guru (Sourced from GMS Weekly). 20 December 2011
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