As deliveries and
beachings continued at pace in Pakistan, Gadani buyers saw the majority of the
market sales concluded to Indian buyers.
Many of the deals
may have a Pakistan option included but firmer prices in India coupled with a
greater capacity (after sitting quietly on the sidelines during the currency
crisis early in the year) means that most of the vessels concluded will most
likely be heading to India.
Pakistan buyers are
still competitive for the right units but an overall lack of their preferred
tankers has seen them having to diversify in recent times and take their share
of larger capesize and panamax high LDT bulkers.
Source:
Steel Guru. 23 October 2012
http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_42/288733.html
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