Improving demand and levels in Pakistan
saw local buyers pick up a number of their favored larger LDT units from
existing cash buyer inventories remarkably including several of those hard to
sell panamax sized containers.
This could be a breakthrough moment for
Gadani buyers who previously rejected containers on the grounds of draft issues
that affect an effective beaching. With India and Bangladesh overall paying the
same levels for containers as for tankers (due to the quality and lower wastage
of the steel and comparatively larger sized propellers enhancing their resale
values), this could give owners more options and greater competition on prices
for any incoming vessels.
However, the market sales for the week
took place between India and Bangladesh with only less fancied (in Pakistan)
lower LDT tonnage being concluded this week.
Source: steel guru. 25 March 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_12/335470.html
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