Demolition report dated 7 June 2024

An eventful week in the ship recycling industry saw the announcement of the Bangladeshi budget surprisingly deliver negative news for Chattogram’s ship recycling sector, in addition to the conclusion of India’s election cycle that has gripped the country since April 24th and pleasantly welcomed Mr. Narendra Modi being re-elected to govern as India’s Prime Minster on June 5th, for an unprecedented third term in the nation’s 2024 General Elections.


The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.


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