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Newbuildings On High Demand as Shipowners Are Looking to Modernize and Reduce Fuel Consumption

Newbuildings On High Demand as Shipowners Are Looking to Modernize and Reduce Fuel Consumption
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GMS Week 11 – MOMENTUM MAINTAINED! | Hellenic Shipping News Worldwide

GMS Week 11 – MOMENTUM MAINTAINED!
The upward trajectory has continued in most sub-continent markets this week – particularly in a resurgent Bangladesh, where local steel plate prices are at the highest levels they have been all year.
India too remains positively poised, but Pakistan has started to cool off again after several purchases in the high USD 400s/LDT were seen last week, including the highest priced VLOC sale seen over recent years and one Panamax Bulker at USD 480/LT LDT.
Just as Bangladesh enjoyed a sharp upwards spike earlier in the year followed by a swift crash, it appears that the subcontinent recycling markets are poised for swift and sharp corrections this year, which often tends to leave Cash Buyers exposed on any unsold inventory that was not immediately committed on a back-to-back basis. ....

Panamax Bulker , Cash Buyers , End Buyers , பணம் வாங்குபவர்கள் , முடிவு வாங்குபவர்கள் ,