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Lion Shipbroker Market Report week 45- 13 November 2015

The BDI is on freefall as today it has plummeted to 560 points, six points shy from the August 1986 historical low of  554 points and dangerously close to the record low of  509 points of 18th February at the beginning of the year. 

Lion Shipbroker Market Report week 45- 13 November 2015

The BDI is on freefall as today it has plummeted to 560 points, six points shy from the August 1986 historical low of  554 points and dangerously close to the record low of  509 points of 18th February at the beginning of the year. 

Lion Shipbroker Market Report week 45- 13 November 2015
13 November 2015 - 21:05

Bulkers: 

The BDI is on freefall as today it has plummeted to 560 points, six points shy from the August 1986 historical low of  554 points and dangerously close to the record low of  509 points of 18th February at the beginning of the year. No one predicted that this year would start and end at such low levels; market's psychology is non-existent while asset values are decreasing on a weekly basis.

Demolition: 

Subcontinents rates for bulkers have stabilized to region $290- $300 per lt, while tankers are getting a premium of about $10-$15 per lt. In Turkey, rates are stable at about $170 per lt while in China is paying about $145 per lt. For an overview of the recycling market rates this week, please check comprehensive demometer  by clicking link below:

CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lion_13_november_2015.pdf

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