Demand for scrapped ships lifts Alang offers by $20/LT

Ship breaking offers in the Indian market increased this week as steel scrap demand accelerated tracking a rally in domestic steel prices.

Imported ship breaking offers increased by $20/LT in India at around $325/LT for Tankers, $335/LT for Containers & $315/LT for Dry Bulk, according to Steelmint analysis.

Alang-based buyers bagged a majority of PCTCs and container vessels intended for strictly HKC green recycling.

Two Panamax containers were traded on 'as is' Kaohsiung for HKC recycling only.

• EVER DELUXE (21,731 LDT) at $310/LT.
  
  
• UNI ARISE (7,129 LDT) at $268/LT.
  
  

The total tonnage reported in Alang last week was 67,715 LDT.

Bangladesh

Chattogram trading was subdued as many of the buyers have already booked sufficient tonnages.

Also, Pakistan was more competitive in the ship-breaking market than Bangladesh this week.

• Prices in Bangladesh declined by $5/LT at $320/LT for Containers, $300/LT for Dry bulk and $310/LT for Tanker.
  
  
• Total tonnage reported last week in the Chattogram port was 59,369 LDT.
  
  

Last week, two Vehicle Carriers beached at the port: Glow (14,447 LDT) & Primo (14,498 LDT).

Pakistan

Prices in Gadani port inched up further this week by $10/LT as rising scrap steel prices fuelled end-user interest.

The prices increased by $10/LT to $360/LT for containers, $330/LT for Dry Bulk & $350/LT for Tankers.

• A Woodchip Carrier, GREEN WORLD (10,367 LDT), was traded at $361/LT.
  
  
• The total tonnage reported in Gadani last week was 17,337 LDT. A General cargo vessel, Kai Yue (10,672 LDT), arrived in the port last week.