Despite Eid holidays, Bangladeshi buyers still managed to tuck away their share of market vessels with some interesting sales concluded for the week.
The slightly un-fancied bulkers of 7,000 LDT and below (OCEANLIXE I and SAFE RISE) obtained levels of USD 415/LT LDT and USD 511/LT respectively whilst the favored Ukrainian built OKEAX type UNITED (13,755 LDT) achieved a mightily impressive USD 448/LT LDT.
Despite many buyers keen to enjoy their holidays and already stuffed from previously concluded vessels, the number of deals comes as something of a surprise and it wall be interesting to see how the market opens up (and performs) post-Eid.
Source: Steel Guru. 28 August 2012http://www.steelguru.com/indian_news/GMS_report_on_Bangladesh_ship_breaking_industry_for_WEEK_34_2012/280570.html