Ship breaking prices in Asian markets have increased by $5/LT w-o-w amid an uptick in demand and positive market outlook.
The global ship breaking market posted higher sales with cash buyers booking large tonnages in several yards.
Gadani
Pakistan was the most active location for trading over the last two weeks, with the largest LDT units sold to Gadani buyers. Imported scrapped ship offers increased by $5/LT w-o-w at around $330/LT for tankers, $340/LT for containers & $320/LT for dry bulk.
- A container unit – SETUBAL (5,167 LDT) was concluded at $326/LT.
Last week, two container units were brought into the Gadani port — EM Oinousses & SM Vancouver. Total tonnage reported at the Gadani port last week was at 36,579 LDT.
Alang
Market sentiments were buoyant in the Alang yard as some HKC unit sales were reported this month. Rupee appreciation vs dollar lifted profits for sellers.
Scrapped ship offers were higher by $5/LT w-o-w to $315/LT for containers, $295/LT for dry bulk and $305/LT for tankers.
The total tonnage reported in the Alang port last week was 130,837 LDT.
Chattogram
The Bangladesh market remained firm in the last week with no sales. Scrapped ship offers gained by $5/LT w-o-w to $325/LT for containers, $305/LT for dry bulk and $315/LT for tankers.
Two vessels arrived in the port last week:
- An Anchor handler, CONFIDENCE (769 LDT)
- A Bulker, PACIFIC CORAL (40,161 LDT)
The total tonnage reported last week in the Chattogram port was at 40,931 LDT.
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