Despite a (relative)
dearth of available tonnage and a Turkish Lira that has continued to weaken
over the course of a month (against the U.S. Dollar), prices for ships stayed
stable with a few over-eager buyers still offering above the market, to try and
take in an odd unit or two, to keep their yard running.
Additionally, it was
being reported that a marginal increase in availability of smaller LDT tonnage
from the Black sea was attributed to fluctuating trade activity in the area.
As a result, while Turkey
remained out of focus of the international arena, a different avenue for
(regional) tonnage has opened up for them.
For now, local recyclers
seem to have a temporary reprieve from the month(s) of tonnage starvation that
local yards have been suffering from.
Source:
steel guru. 27 August 2014
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