South Asia: Imported ship-breaking prices flat w-o-w, few deals reported

Ship-breaking import prices in Bangladesh, India and Pakistan remained unchanged, w-o-w.

Indian buyers resume bookings

A few deals were reported last week from Alang recyclers. Several other stainless-steel tankers and specialist units are also slated for Alang delivery in the coming few weeks. Meanwhile, steel plate prices were also stable w-o-w.

Deals

• A LPG, Apoda, of 9,835 LDT, was concluded at $550/LDT.
  
  
• Total tonnage at Alang Port last week amounted to 54,470 light displacement tonnage (LDT), up by 90% w-o-w.
  
  

Demand from Bangladesh buyers firm

Bangladesh was the leading subcontinental market, in terms of prices. According to sources, demand from Chattogram recyclers has strenthened. However, they missed out a few vessels to Pakistan.

Deals

• Total tonnage reported last week at Chattogram Port was 178,041 LDT, up by 22% w-o-w.
  
  

Pakistan market rebounds

Pakistan has almost recovered from the currency depreciation which they had witnessed throughout CY'21.

Last week, Pakistan took away a vessel from Bangladeshi hands which was more suitably positioned for a Chattogram delivery.

Deals

• A tanker, Garin, of 9,559 LDT, was concluded at $576/LDT.
  
  
• Total tonnage at Gadani Port last week was reported at 53,390 LDT, up by 36% w-o-w.
  
  

Outlook

Overall, the sentiments remain positive but the surge in Covid-19 cases has restricted trade and vessel movements in South Asia.