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Demolition report dated 15 October 2021

19 October 2021

The last quarter jump in local steel plate pries (and at varying degrees) seems to have swept across all major recycling markets (including China) this week. The jump in levels varied from as little as USD 5/Ton from the Chinese market, all the way to USD 30/Ton on the Turkish end, with the sub-continent markets bridging the gap. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 8 October 2021

12 October 2021

After a couple of weeks of mixed performances in steel plate prices from the sub-continent markets where the industry witnessed Indian levels suddenly jump towards the end of last week, whilst both Pakistani and Bangladeshi markets saw their plate prices decline, this week, the respective pendulums appear to be swinging back. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 1 October 2021

05 October 2021

We have seen markets rise and fall, ships bought and sold, regulations come and go, all whilst international awareness and focus on the ship recycling sector has greatly increased and yard quality improves (particularly in India but now starting in Bangladesh and Pakistan too) with the advent of the HKC.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

New gas charter party hits the mark in busy market environment

01 October 2021

ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.

Demolition report dated 24 September 2021

28 September 2021

As the sub-continent markets continue their dreary trudge towards the onset of Q4, the industry seems to have entered a confused and shaky state, as all sub-continent market sentiments seem to be headed in the same direction i.e. downwards. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

BIMCO COVID 19 weekly report dated 24 September 2021

24 September 2021

This BIMCO COVID 19 weekly report for the week ending 24 September covers updates from China, Denmark, Russia, UK P&I Club, the North American Maritime Ministry Association and the latest from the International Maritime Organization (IMO).  Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).

Demolition report dated 17 September 2021

21 September 2021

Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 10 September 2021

21 September 2021

After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets (India and Bangladesh) witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. 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 September 2021

21 September 2021

Far from being the traditionally quieter summer / monsoon months, July and August have passed with marginally weaker, albeit (still) record numbers above USD 600/Ton and deals still being concluded, particularly in the beleaguered tanker and offshore sectors! The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.