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Take a look below at our Demolition Weekly Market Reports for Week 28 of 2017 (listed alphabetically):
Week 28 2017 (10th June – 14th June)
DEMOLITION QUICK UPDATE
Last week saw the return of Bangladeshi buyers to form boosted by the postponement of dues imposed by the local government on imported vessels, hopefully signifying a recovery of the particular market. In India despite positive fundamentals, local buyers remained hesitant with minimal reported activity. The Pakistani market remained unavailable for the tanker sector, although reportedly a few units from cash buyers’ inventories were committed to local buyers. As for the Far Eastern market…..
Source: Athenian ShipBrokers
14th July 2017 – Volume 179 Issue 783 – Week 28
WAHEY FOR WET!
The supply of tankers into the Indian sub-continent recycling markets continued at pace for another week as several more high profile sales materialized (including two VLCCs). This follows on from the recent aframax and suezmax sales at ever-improving numbers as the sub-continent markets look to get back on their feet following an awkward phase where prices deteriorated by about USD 50/LT LDT due to a combination of negative budgets and declining local steel plate…..
Source: GMS Leadership