As the political situation starts
to settle down in the country, local buyers returned to the bidding tables,
keen to stock their yards and acquire units once again.
The ruling party has kept their place in
government, and although there is still an
element connected to the opposition party that is seeking to destabilize
events (just as they had in the build up
to the election by torching polling stations and taking to the streets), a
certain order has been restored to Bangladesh.
It was in this environment that the
Bangladeshi owned handy bulker GREEN OCEAN 1 (8,168 LDT) was committed for a
firm USD 430/LT LDT to one keen buyer.
The demand emanating from local buyers seems
to suggest that focus has switched to smaller units for the time, being rather
than the favored larger LDT VLCCs and capsize bulkers (even though there is a
dearth of such units currently available).
Source:
steel guru. 15 January 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_02/331083.html
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