As perhaps the only market (along with
Turkey) currently displaying aity aggression to buy, it was a surprise this
week to see Chinese buyers go without sustenance.
For any vessels positioned in the area, the
voyage to the sub continent no longer makes sense for owners and tor some
larger sized units with spares and fuel, prices started to even approach what
the sub continent might pay.
Such speculation is the result of a barren
last quarter of the year in China, with most scrap yards almost completely
empty. This new found confidence and intent to buy is an encouraging sign
however and may bode well for competing markets going into the fourth quarter
of this year.
Source: steel guru. 20 August 2013
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