Despite a reversal in
local steel plate prices this week - knocking about USD 10 to USD 15 /LT LDT
off ship levels, Bangladesh buying continued (especially for those vessels
fixed to discharge clinker in Chittagong).
The panamax bulker IRINI
(9,988 LDT) fetched an impressive USD 407/LT LDT whilst the TBS controlled
CANARSIS PRINCESS (7,655 LDT) saw a strong USD 420/LT LDT - with the 400 Tons
of bunkers on board upon delivery contributing to the firm price.
Whilst a full on
resurgence is not looking likely in the Bangladesh market as yet the signs that
the right buyers are emerging at the right price is encouraging. The onset of Ramadan
and an improving China market may see fewer deals developing over the coming
weeks however.
Source:
Steel Guru. 23 July 2013
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_29/319656.html
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