Ship Recycling Market - Week 14 - HOLIDAY SEASON
Ship Recycling Market - Week 14 - HOLIDAY SEASON
With holidays underway across much of the world, it has been a far quieter week in terms of sales & activity, whilst sentiments and pricing remain further muted as a result.
Several vessels have arrived in Bangladesh for delivery this week despite it taking much longer these days to get the L/Cs in order. As such, to have smooth boardings & beachings, it is therefore recommended to maintain at least five days prior arrival, in order to allow for local Buyers L/Cs to open, release, and be credited to Owners / Cash Buyers before vessels can beach.
Particularly in Bangladesh, the situation remains somewhat precarious in obtaining Central Bank Approval on the particularly higher value assets, so drastic remains the ongoing liquidity problem in the country.
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