Demolition Reports – Week 06 (2019)

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Take a look below at our Demolition Weekly Market Reports for Week 06 of 2019 (listed alphabetically):

Athenian Shipbrokers Logo

Athenian Shipbrokers

Week 06 2019 (04th February – 08th February)

DEMOLITION QUICK UPDATE

The previous week saw the local sub-cont markets start to flourish. Confidence was coming back and steel prices began to rise again. In India, there were speculations that the market will stabilise as the rupee and local steel prices saw some improvements. Bangladesh remained at the top offering the highest prices, but space is running out due to the plethora of recent beachings. To end, Pakistan remained barren as sentiments were low; the rupee still faces volatility and governmental legislations…..

Source: Athenian ShipBrokers

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GMS Logo

GMS Leadeship

08th February 2018 – Volume 198 Issue 864 – Week 06

RETURN TO SPECULATION!

After an extended period of withering optimism, this week, several sales at curiously high numbers seems to suggest that certain Cash Buyers are confident about a return to form for the market.

India and Pakistan have certainly been down in the dumps for a better part of two months, whilst Bangladesh has been gleefully securing a majority of the market tonnage. However, as demand and capacity is starting to swiftly dwindle in Chittagong, the timing for competing markets to step up and take their share of the available tonnage is certainly ripe.

Apart from offshore units and green tonnage (secured on the whole for well below USD 400/LDT), the port report in India has been starved of market vessels of late and Pakistan has been all but barren since the fourth quarter crash on the Pakistani Rupee last year.

Source: GMS Leadership

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