The volume of
vessels recently concluded into China (both market and private) this week
finally started to take its toll, with many yards not even speaking on new
candidates due to capacity issues.
Those that were
willing to open their mouths to offer were doing so at far lower levels as
sentiment started to show signs of taking a dramatic dip from (so far)
competing Indian sub-continent numbers.
The one bulker
concluded saw the PACIFIC BANGHU (5,307 LDT) fetch a strong (on today's market)
USD 391/LT LDT into North China.
Source: steelguru. 5 March 2013
http://www.steelguru.com/chinese_news/GMS_weekly_report_on_Chinese_ship_breaking_industry_for_WEEK_9/304249.html
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