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Take a look below at our Demolition Weekly Market Reports for Week 16 of 2019 (listed alphabetically):
Week 16 2019 (15th April – 19th April)
DEMOLITION QUICK UPDATE
The previous week saw the sub-cont. recycling market get into a rush and secure as much tonnage as possible. Bangladesh is nearing its budget and all the markets are fearful of the upcoming monsoon season, thus forcing Bangladeshi to obtain vessels now as there is some uncertainty. India saw some insignificant instability, which didn’t stop it from obtaining new units, however bringing uncertainty to recyclers who are waiting on the upcoming election results to boost their confidence. Lastly, Pakistan for one more week…..
Source: Athenian ShipBrokers
19th April 2018 – Volume 200 Issue 874 – Week 16
As we near the cut off date of the Bangladeshi budget on June 5 th and the upcoming monsoon season across the subcontinent markets, deals keep being concluded – particulary in the beleaguered Capesize bulker and container sectors.
A red hot Chattogram market has been (and continues) securing a majority of the market tonnage, at levels in the mid-to-high USD 400s/LDT, whilst the competing Indian and Pakistani markets struggle some USD 20 – USD 30/LDT behind.
There are growing expectations that new taxes / duties might be introduced in the Bangladeshi budget, which is why end Buyers are nervous about acquiring vessels post-June 5th and are primarily looking for prompt deliveries at this time.
Source: GMS Leadership