The spring
time spike that had seen a number of vessels (particularly larger containers)
concluded at some extraordinary levels, continued for yet another week as
Indian buyers began to enjoy their moment in the sun.
The currency
and steel plate prices appear, for once, to have aligned something that has
pushed on sentiment and interest from local buyers, to acquire at unprecedented
levels so far this year. For that reason, plenty of enquiries are being made to
fill plots amidst a growing demand and strengthening of local prices.
A mixture of
vessels were concluded for the week with perhaps the most e}^e catching seeing
the tanker PAPUDO (15,969 LDT) concluded for USD 341/LT LDT 'as is' Chile with
extra payment for bunkers. Once all deliver}' costs are considered, this should
make it a massive price of about USD 460/LT LDT, with local deliver}' being
about two months away.
The full
spares bulker, SAPPHIRE II (6,59S LDT), likewise received a massive offer of
USD 440/LT LDT whilst the 7,390 LDT container FRANCISA SCHULTE achieved a very firm
USD 445/LT LDT 'as is' Salalah.
The smaller
tween SAINT DEMETRIOS (4,306 LDT) rounded off the week's sales at an impressive
LTSD 435/LT LDT, with a delivery to the newly opened Calcutta market on the
East Coast of India.
Source: Steel Guru. 24 April 2013
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