Few
signs of recovery existed this week in the Indian market as an end of year
gloom descended on what has been an incredibly frustrating and volatile year in
the Indian ship recycling industry.
There
is little doubting the intensity of activity this year with volume records set
to be broken, vet the currency and steel prices have proved to be such
destabilizing factors over the course of the year that end buyers have become
incredibly nervous arid indecisive when it comes to the actual buying.
Vessels
continue to arrive and face difficulties either with description or on LDT
proofs at time of delivery, especially those deals done at levels of USD 50 per
LT LDT and higher last month. It is the role of the strong and reliable cash
buyer now, more than ever, to see those high priced deals through and concluded
without a hitch.
The
two market sales for the week saw Odfjell sell another of their tankers for
guaranteed green recycling the BOW LEOPARD (9,440 LDT) at USD 435 per LT LDT
(including 70 T of solid stainless steel) and the good cargo carrying handy
size bulker BELDE (7,500 LDT) sold for a very firm USD 410 per LT LDT. Both
appear to be highly speculative deals on today's market.
Market
sales reported -
|
VESSEL NAME
|
TYPE
|
LDT
|
REPORTED PRICE
|
|
BELDE
|
Bulker
|
7,500
|
USD 410/LT LDT
|
|
BOW LEOPARD
|
Tanker
|
9,440
|
USD 435/LT LDT (incl
70 T stainless steel
|
Source:
Steel Guru. 18 December 2012
http://www.steelguru.com/indian_news/GMS_report_on_India_ship_breaking_industry_for_WEEK_50_2012/295494.html
No comments:
Post a Comment