This week in Alang, sales of numerous specialized units soared, with multiple stainless-steel chemical tankers, Russian fish factories, and a barge all being committed at record values.
With few favored large LDT units to work on and the holiday season approaching in China and much of the Far East, competing markets in Pakistan and Bangladesh could only sit by and watch.
Even in Turkey, the highly depreciated but now steady Lira remained reasonably stable this week, with no significant changes in import / local steel pricing.
Steel prices and currencies have also been stable to positive, indicating an optimistic first quarter of the year (as has historically been the case). Tanker charter rates are still stagnant, and it’s unclear how much longer the current Dry Bulk rally will persist.
The GMS demo rankings and price for week 3 of 2022 are listed below.