Chinese buyers continued their
irrepressible run this week, one that has seen them snap up the majority of the
high profile market candidates at consistently impressive numbers. There is now
no doubting that China is the market of the moment (particularly for those
vessels positioned in the East) with the stability and demand it has afforded
of late.
AMCL of Hong Kong committed one
suezmax, the NEW FORTUNER (22,021 LDT) and one VLCC, the NEW VICTORY (38,364
LDT) to local buyers for a price rumored to be in the region of USD 380/LT LDT.
Additionally, HOEGH controlled
LNG NORMAN LADY (23,880 MT) fetched an impressive USD 12 Million (about LISD
521/LT LDT) NETT price to the owners, in what has become the show stopping deal
of the week. The 3700 LDT of solid aluminum tanks, about 300 Tons of SS 304
non-ferrous fixtures and being a full spare vessel did contribute to its strong
price.
Yang Ming line of Taiwan sold
their YM ZENITH (19,426 LDT) for a decent LISD 375/LT LDT and Chinese owners
committed their handysize bulker ANIK (8,834 LDT) for a firm LTSD 362.5/LT LDT
(with 250 T bunkers ROB) as the sales continued to rack up in another busy
week.
Source: Steel Guru. 17 September 2013
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