As select buyers emerged for specific tonnage largelv the cape size bulkers and suezmax tankers/VLCCs vessels with 20,000 LDT and over, a whole raft of candidates either discharging in the area or coming from the East were mostly ignored, ...
Tags: specific tonnage, vessels, tankers, bulker
Few signs of recovery existed this week in the Indian market as an end of year gloom descended on what has been an incredibly frustrating and volatile year in the Indian ship recycling industry. There is little doubting the intensity of ...
Tags: ship recycling industry, green recycling, Market sales
The anticipated Christmas / New Year slowdown has shown few signs of beginning Just yet as all markets continue acquiring tonnage and previous deals / cash buyer 'as is' tonnage continues to arrive respective demo locations at pace. ...
Some major gains on the Chinese stock market this week trickled through to the ship-recycling sector to boost both sentiment and price. Several weeks ago, levels in China rocketed up to excess those of the Indian sub¬continent (with ...
Tags: Ship Breaking Industry, Chinese stock market, ship-recycling
Pakistan established themselves this week as firmly ahead of their Indian competitors with a greater aggression to buy at better numbers. Indeed, the Danish built, ABS class, full spares panamax bulker 05TSEE MERCHANT considered to be a ...
Tags: Transportation, Ship, container vessels
With eves firmly focused on the Bangladesh market following the dramatic slump and exhaustion of the Indian market Chittagong has been something of a disappointment in recent weeks, with Buvers onlv really there for select units and even ...
Tags: GMS, Bangladesh, ship breaking industry
After a decent run that has seen several VLCCs, suezmax tankers and capesize bulkers beached, Pakistan endured an overall quieter week with no market sales to speak of. Despite the 100 plus vessels that have beached recentlv in India, ...
Tags: ship breaking industry, VLCCs, tankers, vessels
With Christmas and an end to 2012 fast approaching, the overdrive of recent months appears to be dissipating somewhat as new deals slow, deliveries / beachings wind down and cash buyers, owners and end buyers alike continue to count their ...
Tags: Christmas, new deals, ship breaking, steel price
China prices settled back down into the mid-300s/LT LDT after the recent spike that saw one or two bulkers sold tor unrealistically high numbers close to 400/LT LDT (on a par with Indian levels). There has been the usual speculation that ...
Tags: steel, steel price, steel market, China
The overkill recently experienced in The VVC Indian market is still taking its toll until new sales few and tar between and most cash buyers refused on offloading their unsold inventories. The losses experienced during the recent ...
Tags: VVC Indian market, overkill, sales, inventories
A colorful week of highs and lows characterized the international ship recycling markets with almost all major competing markets reaching parity, being only a few dollars apart. The deciding factor for vessels now will be their last port ...
Tags: scrap metal rates, steel scrap buyers, metal recycling, stock market news
Demand and a greater urgency to buy and stock yards before the year end was evident this week from Pakistan as cash buyers diverted tonnage destined for India and one or two new sales were reported to hungry recyclers. The gas free for ...
Tags: scrap metal rates, steel scrap buyers, metal recycling, scrap recyclers
The ailing Indian market required some urgent assistance from both Bangladesh and Pakistan this Week as cash buyer vessels were diverted to rival shores in a bid to ease the burden on an already creaking industry. 94 vessels have already ...
Tags: steel scrap buyers, scrap yards, exchange rate india, iron ore price news
With China down and India appearing to reach some sort of stability, Bangladesh was caught somewhere in the middle, picking up vessels that were either diverted from West Coast India, or those discharging in East Coast India/Chittagong ...
Tags: scrap metal prices, scrap yards, steel scrap buyers, scrap recycling
The spike in Chinese levels and some speculative buying saw one or two units this week captured at Indian sub-continent levels. Chyung Myung shipping or South Korea sold their second unit this year as the C. LAUREL (17,656 LDT) achieved a ...
Tags: china import, china market, china news