Despite
the odd blip in the sub-continent markets (as evidenced from Pakistan this
week) and a comparatively uncompetitive Bangladeshi market, the Chinese market
remained marooned USD 100s/LDT away from their sub-continent counterparts
(about half the value at present).
With
the Chinese subsidies also set to end next year and many yards unsure over just
how soon they will manage to renew their operating licenses once again, the
inflow of recycling tonnage is set to crawl its way into 2018.
At present, there are only 1 or 2 prominent
Chinese ship-recycling yards that are operating and importing vessels,
something that has provided them the liberty to offer prices far below even
those from Turkey. As such, the short-term prospects for the Chinese ship
recycling industry appear incredibly bleak (at best).
Source:
steel
guru. 13 Dec 2017
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