Asian ship breaking market was stable this week, with few deals being concluded in major markets.
India
Demand in the Indian market picked up pace this week as steel prices have gained in recent weeks. The prices of imported ship breaking was $315/LT for Containers, $295/LT for Dry bulk and $305/LT for tankers.
- A Japanese Roro was traded to Alang buyers, namely KAMIKAWA MARU (7,327 LDT) at $232/LT.
- The total tonnage reported in Alang port last week was at 64,522 LDT.
Bangladesh
In the Chattogram market, demand has remained stable though Bangladesh had in recent weeks been less competitive against the Pakistani shipbreakers. Trades were fewer with several participants not active amid Eid festivities.
- The prices in Bangladesh stood firm at $325/LT for Containers, $305/LT for Dry bulk and $315/LT for Tanker.
- The total tonnage reported last week in the Chattogram port was at 59,369 LDT.
Pakistan
Gadani remains the highest paying recycling port in south Asia, with the prices at $350/LT for containers, $330/LT for Dry Bulk & $340/LT for Tankers.
- A Woodchip Carrier, GREEN HARVEST (10,639 LDT), was traded at $358/LT.
- The total tonnage reported in the Gadani port, Pakistan last week was at 23,515 LDT. One oil tanker, Andy (9,389 LDT), was reported at the port.
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