With Bangladeshi buyers keeping a watchful
eye, as ever, on events elsewhere in the Indian sub continent, there was little
movement on price as an increasing appetite to acquire new units (with many
yards empty) started to be felt on the ground.
The truth is that this
growing demand may not start to be satisfied until after Ramadan at the
earliest - particularly with most Sellers so far unwilling to commit their
units at the new (price) realities of today, or at least at the prices that
most owners would like to see for their ageing beauties.
One smaller 1977 built bulker, FU DA (4,611
LDT) was committed at the lowest level of the year so far, at USD 370/LT LDT.
Chinese yards surely have nothing to fear if such sub continent prices continue
as the ever narrowing price gap and a steady supply of vessels finishing in the
Far East are likely to come their way.
Source:
steel guru. 30 July 2013
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