As
select buyers emerged for specific tonnage largelv the cape size bulkers and
suezmax tankers/VLCCs vessels with 20,000 LDT and over, a whole raft of
candidates either discharging in the area or coming from the East were mostly
ignored, even at much lower levels.
These
included, for the most part, older handy size bulkers discharging clinker in
Chittagong poor cargoes, ownership, age and condition meant that most end
buyers were simply unwilling to put them on their plots with other, more
attractive option available to them.
On
that note, there were rumors that the bulker ATTRACTIVE (7,46S LDT) was sold
for a decent USD 40S.50 per LT LDT only for that deal to fail after the
relevant cash buyer was unable to find an end buyer to beach the vessel.
Now
more than ever, it has become imperative to find end buyers to take vessels
before committing to a purchase, given the constant supply of tonnage in the
market. Even those vessels considered to be favored units may garner no
interest which has led to great frustrations amongst all cash buyers in the sub
continent.
Mixed
in with LC delays and new personnel handling NOCs for vessels to proceed
inwards to beach, it has become a very challenging time in Bangladesh. Owners
should now be prepared for greater waiting time/patience off the back of this.
Market
sales reported -
|
VESSEL NAME
|
TYPE
|
LDT
|
REPORTED PRICE
|
|
ATTRACTIVE
|
Bulker
|
7,468
|
USD 408.5/LT LDT
|
Source:
Steel Guru. 18 December 2012
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