Sub-continent markets are going to be (seemingly) deprived of tonnage in the foreseeable future, as recycling rates continue their downward descent and tighter restrictions are placed on importing large LDT tonnage into Bangladesh and now Pakistan (with limits on large US$ value L/Cs).
For week 31 of 2022, GMS demo rankings / pricing for the week are
as below.
|
Demo
Rank |
Location |
Sentiment |
Dry
Bulk USD
/ LDT |
Tankers USD
/ LDT |
Containers USD
/ LDT |
|
1 |
Bangladesh |
Weak |
570 / LDT |
580 / LDT |
590 / LDT |
|
2 |
India |
Weak |
560 / LDT |
570 / LDT |
580 / LDT |
|
3 |
Pakistan |
Weak |
550 / LDT |
560 / LDT |
570 / LDT |
|
4 |
Turkey |
Weak |
240 / LDT |
250 / LDT |
260 / LDT |
To read the remainder of the GMS WEEKLY, please visit https://gmsstagecdn.ams3.cdn.digitaloceanspaces.com/uploads_prod/weekly/Ship-recycling-market-insight-week-31-2022-No-Go.pdf
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