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Demolition report dated 23 February 2018

27 February 2018

The ongoing rumors of an imminent Pakistan market reopening within the next month or so have further intensified over the last week and this has led to some increasingly speculative Cash Buyer purchases The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 2 March 2018

06 March 2018

The excitement being generated by an imminent Pakistani reopening for tankers coupled with soaring steel plate prices led to an unexpected market lift off 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 17 August 2018

22 August 2018

Just as the sub-continent markets started to display signs of a recovery / improvement this week, Eid holidays descended across Pakistan and Bangladesh (and the nearly defunct Turkish market), as a quieter week of activity is expected to ensue. 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 April 2018

01 May 2018

The long awaited news of the Pakistani market reopening for tankers finally became a reality this week, with the first sales and boardings of wet units likely to set up beachings by early next week - the first in 1.5 years. 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 September 2018

11 September 2018

Markets are precariously poised at present, with the depreciating Indian Rupee & volatile local steel plate prices bringing grave concern to Alang Buyers, while news of a ‘mini’ budget with a potentially negative outcome for Gadani’s ship recycling sector has started filtering through from Pakistan.  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 August 2018

04 September 2018

Following the conclusion of Eid holidays, unlike Turkey, in Pakistan and Bangladesh, this week, prices and demand started to improve with some frisky numbers being promptly put forth by bullish Cash Buyers who are already confident of a market returning to form.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 May 2018

15 May 2018

Following the official reopening of the Pakistani market for tankers, the offloading of the plethora of unsold tanker / VLCC tonnage continued at pace this week, as interested Pakistani Buyers eagerly filled their plots. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 15 September 2017

18 September 2017

The gulf in prices between the sub-continent markets finally started to tell this week, as Pakistan pulled ahead of its regional competitors, with a stunning show on prices on any available dry units.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.