Demolition Market Report - Week # 36, 2011
With monsoon now at an end and owners returning from holidays, activity has started to ramp up once again, via the number of candidates appearing on the market and the number of deals reaching conclusion.
However, the market sentiment remains relatively stale with demand noticeably low. There has been a prevalent tendency from most end buyers to cherry pick desired units whilst turning their noses up at those perceived to be less desirable - perhaps, older with an unfavorable country of build, poor ownership, under tow/dead vessels, or a lack of spares (to name but a few items).
When Russian or Ukrainian built tankers hit the market (gas free for hot works), a veritable bidding war is likely to ensue as it is widely acknowledged that non-ferrous items are rife aboard those particular ships and the steel wastage is comparatively low.
In comparison, it seems that the appetite for dry vessels is starting to run dry with capesize, panamax bulkers and below continuing to flood on to the market as charter rates continue to disappoint.
(Примечание: ссылка на разочаровывающие фрахтовые ставки не совсем корректна, по крайней мере по отношению к кейпсайзам, ставки фрахта на которые в суточном исчислении сегодня пробили двухгодичный максимум. Разумеется, фрахтовые ставки в целом и общем при этом в самом деле остаются на относительно низком уровне, на котором все они пребывают с октября 2008-го года - автор журнала).
Nevertheless, with the Bangladesh extension coming under review in approximately one month's time (two tides away), it is likely that buying activity and perhaps rates could certainly improve in Chittagong (with perhaps a knock on effect elsewhere) - in the short term at least.
To date though, demand remains relatively flat and concerns persist over the volume of tonnage and the negative impact it seems to be having on levels and end buying tendencies / preferences across the board.
For week 36 demo markets rankings presented as below (first price is for general cargo vessels and seconf one is for tankers; all prices given per long tonn (lt) of ships light displacement (ldt)):
1. Bangladesh USD 505 / USD 530
2. India USD 500 / USD 525
3. Pakistan USD 485 / USD 515
4. China USD 455 / USD 465
end++
However, the market sentiment remains relatively stale with demand noticeably low. There has been a prevalent tendency from most end buyers to cherry pick desired units whilst turning their noses up at those perceived to be less desirable - perhaps, older with an unfavorable country of build, poor ownership, under tow/dead vessels, or a lack of spares (to name but a few items).
When Russian or Ukrainian built tankers hit the market (gas free for hot works), a veritable bidding war is likely to ensue as it is widely acknowledged that non-ferrous items are rife aboard those particular ships and the steel wastage is comparatively low.
In comparison, it seems that the appetite for dry vessels is starting to run dry with capesize, panamax bulkers and below continuing to flood on to the market as charter rates continue to disappoint.
(Примечание: ссылка на разочаровывающие фрахтовые ставки не совсем корректна, по крайней мере по отношению к кейпсайзам, ставки фрахта на которые в суточном исчислении сегодня пробили двухгодичный максимум. Разумеется, фрахтовые ставки в целом и общем при этом в самом деле остаются на относительно низком уровне, на котором все они пребывают с октября 2008-го года - автор журнала).
Nevertheless, with the Bangladesh extension coming under review in approximately one month's time (two tides away), it is likely that buying activity and perhaps rates could certainly improve in Chittagong (with perhaps a knock on effect elsewhere) - in the short term at least.
To date though, demand remains relatively flat and concerns persist over the volume of tonnage and the negative impact it seems to be having on levels and end buying tendencies / preferences across the board.
For week 36 demo markets rankings presented as below (first price is for general cargo vessels and seconf one is for tankers; all prices given per long tonn (lt) of ships light displacement (ldt)):
1. Bangladesh USD 505 / USD 530
2. India USD 500 / USD 525
3. Pakistan USD 485 / USD 515
4. China USD 455 / USD 465
end++