As the Pakistan market stormed back to
the forefront of the recycling scene on larger vessels such as capesize bulkers
and VLCCs, news of another interesting sale emerged this week.
It appears Singapore based Chinese owners
Southernpec may have sold another of their storage VLCCs, the SOUTHERNPEC 8
(33,182 LDT), for recycling to Pakistan this week for a reported USD 450 per LT
LDT NETT price. This follows the sale of the sister vessel SOUTHERNPEC 5, also
sold to Gadani last year.
At the same time, rumors were rife in
Singapore of the SOUTHERNPEC 3 (33,129 LDT) may have also been committed,
perhaps enbloc at the same level, although these reports are unconfirmed at the
time of writing.
Pakistan remains the ‘go to’ market for
larger VLs (gas free for man entry only) and larger capesize bulkers (following
the sale of the Polembros controlled NAXOS WARRIOR and Winning ship WINNING
PRIDE in the previous few weeks) at levels above what the traditional big
hitters in Bangladesh are willing to pay at the moment.
Source:
steel guru. 12 March 2014
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