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
A quieter overall week in terms of market sales could not disguise the demand from one or two buyers for the right units. For tankers gas free for man entry in particular and larger bulkers there were buyers at the right prices but those ...
As one or two more buyers began to emerge to the table to pique cash buyer interest, so one or two more owners began to take notice of a visibly emboldened Bangladesh market. Indeed, existing cash buyer inventory began to be diverted to ...
Another poor showing from the Indian market this week left a number of high priced deals in jeopardy and cash buver nerves once again frayed and confidence shattered. The Indian rupee has been trading in excess of 55 to the dollar once ...
Tags: Indian rupee, supplv side, GMS demo