Shanghai:
The latest report from shipbreaking analysts GMS shows that
China’s
continued inability to pay top dollar has seen Turkey surpass
it
for business.
“The
Chinese market showed few signs of picking up this week - indeed
even
slipping further into the mire - as the Indian sub-continent
markets
continued to operate some USD 100/LT LDT ahead,” GMS noted.
The
Turkish market has now become the fourth market behind Bangladesh,
India
and Pakistan with rates there some $20-30 per ldt ahead of
China.
Source: Sea News. 21 September 2012
http://www.seanews.com.tr/article/NEWSFROMTURKEY/86976/Shanghai--Turkey-Ship-Recycling--China/
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