GMS report on Pakistan shipbreaking industry for WEEK 25 of 2012:

With plenty of vessels to choose from, Pakistan buyers purchased two of their favored tankers gas free for man entrv at some pretty impressive numbers indicative of their standing as perhaps the go to market for wet units currently.

The DHT ANIA despite being an older sale saw an extremely impressive USD 425 per LT LDT with some 400 T bunkers on board 'as is' Singapore. Unless the cash buyer has done a straight back to back deal at the time of negotiating, it is likely that this deal could result in hitting rough waters, considering today's market levels.

The purchase of the Indian owned aframax tanker RATNA URVI for USD 410 per LT LDT less 3% address commission is made doable only by an end buyer that offered slightly over the market and subsequently helped in concluding the unit at an extremely strong price.

Source: Steel Guru (Source - GMS Weekly). 26 June 2012

http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_25_2012/270383.html