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Demolition report dated 11 December 2020

14 December 2020

This week, as steel plate prices temporarily reversed in a previously rampant Bangladesh, the decline finally put the brakes on what was a surging market. As a result, local expectations have been somewhat tempered there as the week ended.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 04 December 2020

07 December 2020

The dissolution of the cartel has seen prices shoot up in Bangladesh over this past week – perhaps to an irrational and somewhat speculative degree, as local levels cooled off towards the end of the week, in conjunction with declining 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 27 November 2020

30 November 2020

Following a lackluster few quarters for the Bangladeshi market, demand has come surging back and prices in a cartel-less Chattogram shot up this week as local offers are no longer going through (or are restricted by) a committee of powerful local individuals, who had set up the cartel to begin with. 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 November 2020

23 November 2020

After exactly two months in operation, the cartel in Bangladesh has finally come to an end and End Buyers are free to offer their own prices, rather than relying on the lottery system / below-market prices on offer from the cartel, that saw them secure nearly no vessels during their relatively short-lived existence. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 13 November 2020

16 November 2020

Despite End Buyers talking markets down, deals continue to be done at ever more impressive numbers, as Cash Buyers keep prices on select units propped up, with increasing hints of levels breaching the USD 400/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 30 October 2020

16 November 2020

Following further bad news concerning the rapid and continued spread of Covid-19 in the Western world, leading to yet more lockdowns across Europe and other areas around the world, a momentous week lies ahead with the upcoming U.S. Presidential Election and its potential repercussions that could also be felt the world over. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 06 November 2020

16 November 2020

Markets remain in a curious state of stasis, as the final confirmation on the U.S. election victor (leaning towards Presidential hopeful Joe Biden) and further lockdowns across Europe threaten any end-of-the-year momentum / recovery that were starting to build. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Free pratique - a thing of the past?

30 October 2020

Quarantine of ships arriving at ports around the world has previously been an effective means of avoiding the spread of infectious and contagious diseases. Three weeks at an anchorage before the ship was admitted into port was not unusual. With the improvement of port infrastructure and ever more efficient ships, things had to change, and international work was started. The work resulted in the International Sanitary Regulations, which came into force on 1 October 1952.