South Asian imported ship breaking scrap prices have observed stability in the last week. Meanwhile, Indian buyers turned active with decline in bids by USD 5/MT & booked a couple of vessels.
Scrapped ship demand in Indian market remained good & vessels with foreign crew are finally being permitted to beach once again. Buyers have started looking for fresh units.
Fresh offers in India stand at USD 315/LT for Containers, USD 285/LT for Dry bulk and USD 305/LT for Tanker.
Deals
Two green recycling vessel deals were traded at decent prices which are mentioned below:
— ALTONIA (7,852 LDT), a Container at USD 317/LT LDT.
— GUOFENG ENTERPRISE (38,611 LDT), a Container at USD 278/LT LDT.
— The total tonnage reported in the Alang port last week was at 49,349 LDT.
BANGLADESH
Scrapped ships demand among cash buyers is good while most of the buyers are bargaining to book ships. In addition most of the market tonnage has been diverted towards India over good prices in Alang as against Chattogram.
The price assessment for Bangladesh stood at USD 310/LT for Containers, USD 280/LT for Dry bulk and USD 300/LT for Tanker.
Deals
— A smaller container, BFP MELODY (5,048 LDT) was concluded at USD 323/LT LDT, managed to book at a healthy price.
— The total tonnage reported last week in the Chattogram port was at 189,786 LDT.
PAKISTAN
The buyers retreated into their shells once again this week.
The fresh offers of ship breaking scrap to Pakistan is at USD 300/LT for containers, USD 270/LT for Dry Bulk & USD 290/LT for Tankers. The total tonnage reported last week in the Gadani port was at 10,090 LDT.
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