A number of smaller
general cargo units and reefers many from Far East Russian owners began to open
in the area as possible demolition candidates.
However, with Bangladesh
emerging post-Eid again, Chinese buyers may miss out due to a price gap that
stands at almost USD 200/LT LDT (as it has done for much of this year).
Government controlled
candidates from the likes of Cosco and China Shipping continue to keep yards
active and supplied with well priced tonnage (eligible for those infamous state
subsidies that have dominated the China market this year).
With October holidays
upcoming in just over one month, very little will be disrupted in the Chinese
ship recycling markets as activity on international tonnage (except the odd
strictly green candidate positioned in the area) remains at a minimum.
Source:
steel guru. 27 August 2014
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