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Demolition report dated 27 March 2020

30 March 2020

All subcontinent recycling locations have gone into a complete lockdown this week, as the Coronavirus wreaks its devastating damage across the globe. In India, Prime Minister Modi has ordered the entire population of the country into a 3 week home-quarantine, in order to curb a national disaster on the scale of the Spanish flu that was witnessed over 100 years ago in 1918 and which claimed nearly as high as 50 million lives globally. 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 March 2020

24 March 2020

Pandemonium has been sweeping across the globe this week, as an increasing number of ports worldwide have reported shut downs, quarantines on incoming crew are being imposed at those that are still open for operation, and recycling deliveries are being jeopardized – both for ships arriving Indian subcontinent locations and for many ‘as is’ recycling deals the world over. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Dry cargo fixture and market reports dated 2 October 2019

03 October 2019

Capesize: The Cape market was quiet today as traders from both China and India observed public holidays.  The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The daily dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize. 

Tanker market report dated 26 October 2018

29 October 2018

India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?   The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.