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Demolition report dated 22 June 2018

26 June 2018

The deluge of tankers being proposed for recycling – particularly large LDT tankers, VLCCs and FSUs – seems to be continuing unabated, even as the Indian sub-continent markets head into the traditionally quieter summer / monsoon months. 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 May 2018

29 May 2018

Having taken in a majority of the larger LDT (wet) tonnage from unsold Cash Buyer inventories since the market reopened for tankers, Pakistan finally started to cool off this week as the few open Buyers presented far less aggressive numbers on proposed units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 12 October 2018

15 October 2018

After weeks of positivity, some worrying reversals, both on local steel plate prices and currencies, wracked the subcontinent markets this week and may well preclude some (worrying) price declines in the near future.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 14 December 2018

17 December 2018

Markets appear to have settled approximately USD 25/LDT below the peaks seen in October, and at last, offers from the various subcontinent locations seem to be emerging once again – albeit primarily for smaller LDT candidates on offer, given that L/C problems in Bangladesh (and now India) are still an issue. The supply of containers persists at a furious rate and along with the beleaguered tanker sector, end Buyers should remain busy with fresh offerings, right up until the end of the year (and more than likely, well into Q1 2019).  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 19 October 2018

23 October 2018

Of late, currency woes in both India and Pakistan have rocked the subcontinent markets. However, improvements in local steel plate prices and settling of the respective Rupees have brought back a greater degree of confidence into the ship recycling industry this week. 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 May 2018

22 May 2018

After a bumper week of sales, things certainly slowed a touch this week with just the one VLCC sale to report, as the number of VLs already committed through 2018 steadily creeps towards 30. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 5 January 2018

11 January 2018

 Risky business! With Pakistan still closed for tankers, we would urge Owners of wet tonnage to curtail their expectations on rates as the only option for their units remains India or a far more muted Bangladesh. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 12 January 2018

16 January 2018

It was a surprisingly quieter week in terms of activity on the sales board, probably because several Ship Owners are now actively pursuing a price close to or even in excess of USD 500/LDT The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.