As both India and Bangladeshi
markets surged ahead this week, with each securing market tonnage, Pakistani buyers were left in
the shade once again, with numbers
trailing in the wake of their competitors.
It may be due to a lack of
favored tonnage as containers remain the vessels of the moment (due to poor
charter rates) and buyers tend to avoid them due to draft issues affecting
beaching.
Local steel plate prices and the currency
remain stable and capacity too remains good, but it may take some more
aggression to compete if Pakistani buyers want to secure their share of the
tonnage and divert from the hands of their sub-continent neighbors.
Source:
steel guru. 15 January 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_02/331076.html
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