With India overtaking Pakistan
this week following some encouraging gains on the Rupee, the emerging Pakistan
demand was yet to be satisfied. The truth is that prices will more than likely
have to improve from their current standing, in order to acquire the desired
share of market tonnage.
There was some speculation that
the Turkish controlled handysize bulker H PIONEER (6,807 LDT) had been sold
into India and whilst mere will most likely be an India option included in the
deal the interest in Pakistan for this particular unit was strong.
The extremely strong and
uncharacteristic price achieved could be down to the heavy bronze working and
spare props, and the decent UK country of build. It will be interesting to see
where this vessel eventually turns up and if it will make some money for all
parties in the play.
Source: Steel Guru. 17 September 2013
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