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Demolition report dated 1 November 2019

04 November 2019

This week, the rot seems to have well and truly set in once again, as all subcontinent markets turned in another negative and lackluster performance, in what has (recently) been turning into an overall woeful fourth quarter of the year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 25 October 2019

29 October 2019

Despite hopes that the markets may be on the rise once again, alarming reversals across all (subcontinent) locations over the past month seem to be firmly signaling the opposite. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 18 October 2019

21 October 2019

Following a brief few weeks of positivity, subcontinent markets are once again embarking on a dispiriting downwards descent, with End Buyers withdrawing their offers amidst declining levels from India, Bangladesh and Pakistan. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 October 2019

14 October 2019

After a brief spike in the markets (which saw a few vessels sold at increasingly firm numbers, some of which even crept past the USD 400/LT mark), there now appears to be a resurging resistance from local Recyclers to improve prices any further. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 3 October 2019

14 October 2019

Green shoots of recovery have been evident in the subcontinent markets over the past week or so – particularly in Bangladesh, where a number of (premium) sales have taken place that breached the USD 400/Ton mark, giving a real sense of encouragement to Ship Owners, Cash Buyers (still with expensive inventory on hand) and End Buyers, who have remained on the sidelines for the most part. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 27 September 2019

01 October 2019

Subcontinent markets finally appear to be turning positive as nearly all locations posted some gains off the back of settling steel plate prices and stabilizing / firming currencies. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 20 September 2019

24 September 2019

As the fourth quarter gets into full swing, a degree of stability finally seems to be emerging in the subcontinent markets as a couple of sales have reportedly registered at firming numbers this week, leaving Cash Buyers and Recyclers cautiously optimistic. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.