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Demolition report dated 29 March 2019

01 April 2019

After a frantic period of activity through most of March, sales have somewhat slowed this week. Surprisingly, India lost several high profile HKC SoC vessels for green recycling last week, to the only RINA approved yard in Bangladesh. However, given that this yard has taken in its quota, India has managed to get back into the buying this week, with a few interesting (market and private) green recycling sales The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 24 May 2019

28 May 2019

The landslide victory for Prime Minister Modi in India has seen the domestic market shoot to the forefront of proceedings, as optimism returns to a previously nervous sector. In truth, the decline of the Bangladeshi market over the last few weeks and the consistent inadequacies of Pakistan over the last 3 quarters have meant that India was likely to be at the top of the standing by default, especially as the market heads towards the monsoon season.  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 January 2019

28 January 2019

Since the advent of 2019, the declines witnessed across the Indian subcontinent markets have shown no signs of abating and increasingly desperate Cash Buyers finally started to offload their hefty existing (and expensive) inventories at ever decreasing rates. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 22 February 2019

04 March 2019

The steady footing that markets have recently found themselves on, continued for another week with Bangladesh once again taking most of the plaudits for another impressive showing and India maintained its strengthened state since last week (despite a marginal drop in local steel plate prices). 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 July 2019

08 July 2019

Inclement weather has put much of the activity in the subcontinent markets on hold this week, as Bangladesh and Pakistan continue to digest and challenge the latest outcome of their respective budgets and India continues to battle the outcome of its volatile steel plate. 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 January 2020

14 January 2020

It has been a roaring start to the year with prices, particularly in India, pushing on to levels approaching (and in the case of certain containers, well above) USD 400/LT LDT. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 7 June 2019

11 June 2019

There was a brief bounce in the Indian market following the election victory of the pro-business Mr. Modi, but local steel prices have begun to cool off ever since. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 31 May 2019

03 June 2019

The market remains on an overall subdued footing, despite the recent surge in optimism in India, brought on by last week’s election victory of Prime Minister Mr. Narendra Modi. 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 July 2019

22 July 2019

The mid-year slump witnessed across all recycling locations has shown no signs of abating, with another poor showing (especially from the subcontinent markets) as offers on units declined across the board on the back of weakening steel plate prices, with India taking the biggest hit once again. 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.