News of at least SEVEN COSCO sales into China did
little to stir the market out of the lull it has endured for the majority of
the year so far.
The sale of various bulkers and containers far below
market numbers has seen one of China’s largest state owners receive the
approximate USD 150 per GRT premium along with the corresponding USD 150 per
GRT discount on a new building of their choice. The government incentive will
run until 2015 in efforts to stimulate both the shipbuilding and ship recycling
sectors.
Source: steel guru.
14 May 2014
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