After what has certainly been a hectic January of negotiations and a late February / early March of unending deliveries with nearly 200K of LDT delivered in recent weeks, a period of
After what has certainly been a hectic January of negotiations and a late February / early March of unending deliveries with nearly 200K of LDT delivered in recent weeks, a period of calm reflection descended across Indian sub-continent ship recycling markets, reports cash buyer GMS, with an alarmingly minimal number of deals being fixed over recent weeks including this one.
“And ever since prices have been at and even well under the now chased after USD 450s/LDT across the board (as confirmed via last week’s logger sale into Bangladesh), barely any sales have even been rumored to take place.”
Bangladesh remains ahead of its regional competitors with (weakening) levels still emanating from India and an inadvertently more competitive / stable Pakistan not far behind, snapping on their heels for the slim picking of units available. And this has once again presented itself via a severely dithered Alang anchorage and Pakistan’s second delivery in three months this year.
“It has been a number of weeks since we saw more than one market unit concluded into the sub-continent ship recycling markets as the Baltic’s Dry Bulk Sea Freight Index reported further climbs and registered its highest levels since November 2024, further deviating
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