A wholly underwhelming week in the Bangladeshi
ship-recycling sector saw NO deals concluded and a whole raft of cash buyer
tonnage remain unsold as demand and pricing on any types of vessel virtually
dried up.
With most buyers only willing to talk at rock bottom prices,
it has been a very troubling period indeed for most buyers in Bangladesh, with
tonnage either being diverted elsewhere, or simply remaining unsold, or under
renegotiation.
The truth is that it would be a major surprise for any new
vessels to end up in Chittagong on current price levels being quoted from the
market. As China continues to assert its hold on vessels positioned in the
East, and both Pakistan and India showing the first signs of recovery, it mav
be a quieter overall period of time in the Bangladesh market.
Source: Steel Guru. 11
September 2013
No comments:
Post a Comment