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Take a look below at our Demolition Weekly Market Reports for Week 29 of 2017 (listed alphabetically):
Week 29 2017 (17th July – 21st July)
DEMOLITION QUICK UPDATE
The recycling market kept its positive outlook with end users appetite for several vessels in the sub-continent market leading to high interest for the few demo candidates available. In Bangladesh prices have been kept high, despite the monsoon season having taken its toll in the deliveries of steel. Nonetheless local buyers’ appetite appears to remain healthy for the time being. In addition, Pakistani scrapping activity retained its upward trend despite the new tax that was imposed on imported…..
Source: Athenian ShipBrokers
21st July 2017 – Volume 179 Issue 784 – Week 29
FUELING THE FIRE!
Following the glut of tanker deals (including two NITC VLCCs) last week, this week proved to be a far more moderate affair (in terms of sales) despite local prices improving even further.
At present, it seems to be a shoot out between Pakistan and Bangladesh for the top spot in the market rankings and whilst most dry vessels (surprisingly, even the ones positioned in the Far East) are reportedly heading towards Pakistani shores, the Bangladeshi market remains distracted, taking in most of the wet units on offer…..
Source: GMS Leadership