The situation in
Bangladesh remains unchanged since the announcement of the budget whereby
increased taxes and duties on new units and on bunkers kept many end buyers on
the sidelines.
Keeping local
appetite further in check has been the slew of pre budget purchases (and
deliveries) that has kept the local yards relatively busy during the downpours.
As such, Bangladesh
has been a silent spectator to ongoing negotiations, except when vessels
discharging in the area are being negotiated specifically basis a Chittagong
delivery.
Case and point, the
sale of TBS controlled ROCKAWAY BELLE that was committed to Chittagong at an
exceptional (excess) USD 470 per LT LDT. The 275 Tons of guaranteed bunkers
remaining onboard at the time of physical delivery along with American
ownership helped push the price up to spectacular territory this week.
Source: steel guru.
25 June 2014
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