Indian shipbreaking Fei Gangchuan market prices continue to fall

According to Lloyd's Register's latest report shows that the lowest price on the market recently Fei Gangchuan Fei Gangchuan Indian ship-breaking bulk carrier market price, fell to $ 430 per lightweight ton. The highest price is Fei Gangchuan market in Bangladesh, the country's oil tanker scrapping the highest price is $ 470 per lightweight ton.

US cash buyers GMS said, because this year the Indian shipbreaking Fei Gangchuan market prices fell by 15%, reduce the number of ship-breaking on the market, most buyers are struggling to raise Fei Gangchuan scrapped, while entering into a new low-cost ship-breaking transaction. Unless the Chinese steel prices rise due to the increase in import duties, otherwise India Fei Gangchuan market price recovery still needs some time.

In Bangladesh, unlike India suffered greatly as a result of the impact, the recycling facility in the country has become the best choice for the owner of the ship scrapped. In the latest deal in Bangladesh recently completed for the shipyard was built in 1981 ro, the owner of the Philippine Span & nbsp; Asia & nbsp; Carrier Company. The ship scrap price of $ 470 per lightweight ton, $ 2.8 million of the total transaction.

In Pakistan, as a result of market participants to lobby the government to increase tariffs on Chinese steel imports, the country's ship-breaking market price did not suffer too much influence. The latest deal in the country for the construction of the shipyard completed in 1994 Suezmax tanker "Gandhar" round, the owner of India's national shipping company (SCI), scrap price of $ 445 per lightweight ton, $ 9.9 million of the total transaction.

According to Greek shipbroker Allied & nbsp; Shipbroking data show that so far this year a total of 842 vessels scrapped, total capacity of 30.7 million dwt. Compared to 994 vessels, 44.8 million dwt scrapped amount has decreased over the same period last year.