Bangladeshi buyers could
only watch as the majority of the market tonnage proceeded to Indian and
Pakistani shores this week.
Many of the bigger
buyers currently have their plots full and thus the aggression to buy is
largely absent from the Bangladeshi market for the time being. However, it is
still galling to see vessels of larger LDT, which have traditionally been
Bangladeshi candidates, bypassing the shores of Chittagong to head to competing
markets.
There was no competing
with India and Pakistan on tankers and containers where prices presently appear
to be arrow-ing up to the USD 500/LT LDT mark. However, cash buyers are not as
keen to speculate on Bangladesh, where a muted atmosphere seems to have
enveloped much of the country’s ship-recycling sector.
Source: steel guru. 1 April 2014
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_13/335857.html
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