With Bangladesh
emerging from Eid holidays with an appetite to acquire units once again, the
possibilities for Chinese demo yards to acquire any international tonnage
continues to grow slimmer.
Improving prices in
Chittagong and lowly levels in China (below USD 300 per LT LDT) for many
smaller vessels has starved local yards of tonnage for the best part of the
year. The state subsidies have admittedly kept prices at artificially reduced
levels (despite steel prices failing to impress), as Chinese state owners have
been able to offer vessels at far lower levels than reality (to recycling
yards), due to this generous government aid on offer.
Source: steel guru. 12 August
2014
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