Vessels continued to arrive into Pakistan including several larger tankers and VLCCs, yet very few new deals were actually done for another week.
Gadani buyers seem content with their lot at present, perhaps sensing a bargain or two, as the Indian market lurches from one crisis to the next. The truth is that they have committed to a number of vessels in the preceding weeks and months and many yards are presently satisfactorily stocked as the summer season and monsoon approaches.
Source: Steel Guru. 24 April 2012