Monday, December 17, 2012

[Equipment] China scrap prices inch up

China scrap prices inch up

Ship-scrapping prices in China slightly rose in November.

China Water Transport said that average scrapping prices of 15,000-25,000ldt tanker, 6,000-10,000ldt product carrier and 7,000-12,000ldt bulkers were $365.78/ldt, $359.98/ldt and $354.73/ldt, which increased by 7.14%, 7.01% and 6.83% on the previous month, respectively.

China purchased a total of 580,000 dwt for demolition and scrapped overall 800,000 dwt last month.



Published : December 14, 2012


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