Bangladesh and Pakistan Ship Recycling Markets Remain Steady
With the conclusion of week 11, the ongoing and seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi and Pakistani ship recycling markets steady, reports cash buyer GMS.“On the other hand, the Turkish and Indian markets continue to endure their respective shares of a notably trying time, given that the Turkish Lira continues to plummet even amidst a mercifully quieter week (on account of Ramadan).”GMS says: “India continues to endure its share of nerve-racking volatility in local steel plate prices as well as the Indian Rupee…
Peel Ports Pulls Out all the Stops
Operations team docks crucial bulk steel vessel at Port of Liverpool container terminal in order to overcome weather delays and provide an innovative customer-centric solution, which brings added value to customer supply chain. Peel Ports are never one to complain about gloomy weather, staying true to their values of being more than just a port; the owner and operator of the Port of Liverpool demonstrated innovative thinking and flexibility to solve challenges by taking on the elements.
Braemar Asks: Is Another Demolition Spike Due?
As the Baltic Dry Index plumbs all-time depths, those with long memories are recalling the dark days of the 1980s for the shipping markets. However, steel traders can look forward to a bumper year of supply of vessels for recycling this year, if previous experience offers a guide for the 2012 outlook. Bets are now being taken about how many vessels will be forced by the weak freight markets into the arms of recyclers. Globally, ship scrapping capacity has very big limits being a simple business of driving ships onto beaches and cutting them up with oxyacetylene torches.
