Demolition Reports – Week 24 (2017)

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Take a look below at our Demolition Weekly Market Reports for Week 24 of 2017 (listed alphabetically):

 

Athenian Shipbrokers Logo

Athenian Shipbrokers

Week 24 2017 (12th June – 16th June)

DEMOLITION QUICK UPDATE

A fairly quiet period appears to have descended upon the sub-continent markets, with limited reported activity as uncertain buyers tried to find a foothold amidst unfavourable levies, seasonal rains and ever flowing fundamentals. Indian buyers were perhaps the most active last week, although a few Bangladeshi and Pakistani buyers braved the uncertainty, with a couple of vessels reportedly heading to Chittagong and Gadani shores. Still, while prices on offer appeared to hold – with the dearth of sales…..

Source: Athenian ShipBrokers

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GMS Logo

GMS Leadeship

16th June 2017 – Volume 178 Issue 779 – Week 24

HAMSTRUNG!

This week, a few owners and cash buyers finally started to accept the new market reality on prices and several sales were subsequently recorded at previously unthinkable levels (especially those into India).

The tanker sector recorded the most exits this week as a couple of LNGs were concluded to Turkish buyers, in addition to two suezmax tankers and one aframax tanker that will be making their way towards Indian shores while Pakistan remains closed to tankers, due to the tragic explosions that took place onboard the FSU and LPG earlier…..

Source: GMS Leadership

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