With one VLCC already
beached in India (the CARIBO EX NEREYDA, 47,347 LDT) and one (the ATLANTIC EX
SEAGULL, 41,320 LDT) set to beach on the upcoming tide, more questions than
answers have been raised on the control Indian sub-continent bodies have on
restricting the arrival and import of vessels with Iranian links.
Whilst one VLCC has
arrived Bangladesh and immediately faced issues with the LC (Letter of Credit),
it seems that India (not signed up to the League of Nations) has casually swept
any associated issues with international sanctions under the carpet, to proceed
with the import of these two controversial units (despite the attempted NITC
arrest).
Meanwhile, amidst all
the concerns of the incoming VLCCs, Saudi owners BAHRI managed to obtain top
dollar once again, on one of their early 80s built full spares Swedish RoRo's
as the SAUDI HOFUF (18,578 LDT) was sold for USD 430/LT LDT 'as is' Mumbai, with
about 300 Tons of bunkers remaining on board. The Singapore controlled woodchip
carrier GREEN FOREST (8,487 LDT) also fetched an impressive USD 407/LT LDT for
delivery into WC India.
As both local steel
plate prices and the Indian currency struggled to regain a foothold despite a
catastrophic past few weeks, many end buyers are choosing either to refrain
from bidding on new units' altogether, or picking their purchases very
carefully in line with much reduced market levels of today.
Source:
Steel Guru. 6 August 2013
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Indian_ship_breaking_industry_for_WEEK_31/321216.html
No comments:
Post a Comment