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Take a look below at our Demolition Weekly Market Reports for Week 07 of 2018 (listed alphabetically):
Week 07 2018 (12th February – 16th February)
DEMOLITION QUICK UPDATE
The recycling markets appeared to hold their ground last week, with interest on the part of cash buyers remaining strong. Prices on offer for the most part remained stable at the shorefront assisted by stable fundamentals. In the Far East, the New Year celebrations put a stop to the already minimal activity of local breakers and it remains to be seen whether sentiment will change post…..
Source: Athenian ShipBrokers
16th February 2018 – Volume 186 Issue 814 – Week 06
This week, on the back of a meeting between the Pakistan Ship Breakers Association (PSBA) and local authorities, ongoing rumors surrounding a potential Pakistan re-opening for tankers within the next month began to further intensify.
The news may well be greeted with the usual degree of outlandish Cash Buyer speculation that we have frequently seen through the course of the recent past. However, the reality is that Pakistan is a market that too has softened in recent weeks and an influx of tanker candidates is hardly going to help in boosting levels from Gadani Buyers.
That being said, Sinokor of South Korea continued their clear-out of older tonnage with the sales of a Capesize bulker (a highly sought after and rare breed of vessels these days) in addition to an Aframax tanker, at some unsurprisingly bullish numbers..
Source: GMS Leadership