Buyers are slowly
but surely following up those initial enquiries with increasingly firm offers
in Bangladesh, as cash buyers continue to unload vessels from their existing
inventories at impressive numbers that seemed mere fantasy only two weeks ago.
Of course,
Chittagong buyers still have to compete with the buoyant levels available in
Pakistan and for that reason, they have lost several juicy, larger LDT vessels
of late, but a veritable lack of tonnage at local yards has seen some renewed
hunger to acquire.
Part of the problem
post Eid holidays has been that end buyers were unable to shift the stockpiles
of ships steel from their plots and were hence hesitant to buy further units at
highly competitive rates.
However, this
stance appears to have shifted recently as evident from the sale of Chinese
owned handysize bulker LUCKY EVER (5,548 LDT) in what appears to be a certain
Bangladesh deal once the cash buyer has taken her over ‘as is’ in Singapore.
Source: steel guru.
16 September 2014
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