Family: BSRA
Index: TKR-BDESH-LRG, TKR-BDESH-MED, TKR-BDESH-SML, BC-BDESH-LRG, BC-BDESH-MED, BC-BDESH-SML, TKR-PAK-LRG, TKR-PAK-MED, TKR-PAK-SML, BC-PAK-LRG, BC-PAK-MED, BC-PAK-SML.
Category: Market Announcement

1) TKR-BDESH-LRG, TKR-BDESH-MED, TKR-BDESH-SML, BC-BDESH-LRG, BC-BDESH-MED, BC-BDESH-SML
Further to circular 1/23, The Baltic is hereby notifying the market that following resumption of recycling activities and approval from BIC, the suspension of Bangladesh recycling assessments is lifted and will recommence publication from 14 April 2023.
 
2)  TKR-PAK-LRG, TKR-PAK-MED, TKR-PAK-SML, BC-PAK-LRG, BC-PAK-MED, BC-PAK-SML
The Baltic is hereby notifying the market that due to local conditions and following consultation with Panellists and an internal analysis of the impact on Baltic Indices, the BIC has approved the suspension of the following Pakistan recycling Indices from 14 April 2023:
 

LBTSRA

$/LT

Large Tanker, Pakistan

Large Tanker basis delivery Pakistan, 30,001 long ton lightweight displacement and above. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

MBTSRA

$/LT

Medium Tanker, Pakistan

Medium Tanker basis delivery Pakistan, 15,001 to 30,001 long ton lightweight displacement. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

SBTSRA

$/LT

Small Tanker, Pakistan

Small Tanker basis delivery Pakistan, 7,000 to 15,001 long ton lightweight displacement. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

LBDSRA

$/LT

Large Bulk Carrier, Pakistan

Large Bulk Carrier basis delivery Pakistan, 20,001 long ton lightweight displacement and above. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

MBDSRA

$/LT

Medium Bulk Carrier, Pakistan

Medium Bulk Carrier basis delivery Pakistan, 9,001 to 20,001 long ton lightweight displacement. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

SBDSRA

$/LT

Small Bulk Carrier, Pakistan

Small Bulk Carrier basis delivery Pakistan, 5,000 to 9,001 long ton lightweight displacement. Gas free for hot works. Delivery 15/30 days, as is, under own power, cash price, basis standard commission.

 
The Tanker Recycling Index (TSRA) and Dry Recycling Index (DSRA) will be an average of the assessments received for India and Bangladesh.  The Baltic will continue to monitor the market and advise when the Pakistan indices can be restarted.
 
Any comments or feedback, please direct your message to balticbroker@balticexchange.com

Circular ID: MA/Asset/202304/8/N