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Take a look below at our Demolition Weekly Market Reports for Week 12 of 2019 (listed alphabetically):
Week 12 2019 (18th March – 22nd March)
DEMOLITION QUICK UPDATE
Last week was a rather active on for demolition markets in the Sub.Cont. In Bangladesh activity spiked as a couple of reported sales suggests. Indian market, on the other hand, despite the positive fundamentals had an upsetting week since it had to witness units destined for green recycling to be concluded elsewhere. Lastly Pakistani market was for one more week on the sidelines with local players remaining hesitant…..
Source: Athenian ShipBrokers
22nd March 2018 – Volume 199 Issue 870 – Week 12
Sales of a diverse array of vessels continued at pace this week, particularly into the Bangladeshi market, which continues to increasingly get stuffed with large LDT fixtures and subsequent deliveries.
VLOCs, Capes, Panamax containers, LNGs and PCCs have all made their way to Chattogram of late, as Bangladesh continues its impressive performance since the start of the year. There were (surprisingly) even a couple of green units committed to the only RINA certified HKC SoC yard in Bangladesh this week – albeit at (essentially) market levels.
On the other side, India has continued to struggle for much of the year as it tries to secure its share of the market tonnage, relying instead on a stricter diet of vessels intended for HKC SoC recycling and the comparatively cheaper array of tugs and offshore units.
Source: GMS Leadership