Sales between state owners and local
yards continued to rack up with news of a 19,000 LDT TBN Cosco container having
been sold for region USD 326 per LT LDT into South China.
Even though the gap between Indian sub
continent prices and China stands around the USD 150 per LT LDT mark other
south Asian recycling facilities in Vietnam and Indonesia (capable of only
really taking smaller vessels) would also be competitive with China levels
today.
Other Chinese private owners are also
looking at actively reflagging their vessels even though the process is
cumbersome in order to qualify for the state subsidies on scrap vessels and
corresponding new-buildings.
Source: steel guru. 25 March 2014
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