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Demolition report dated 10 September 2021

21 September 2021

After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets (India and Bangladesh) witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Tanker market report 27 August 2021

30 August 2021

The latest VLCCs that have been reported as scrapped have joined a small, but up to recently growing number of tankers heading to recycling yards. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Demolition report dated 6 August 2021

09 August 2021

Prices across the Indian sub-continent ship recycling markets continue their impressive upward trajectory this week, as end Buyers press on for any available tonnage, at levels well above USD 600/LT LDT, especially in the case of Bangladesh and a now firming Pakistani market. 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 July 2021

19 July 2021

Far from the traditionally expected slowdown during the monsoon / summer months, subcontinent recycling markets fired on at pace once again this week, and a slowdown in the supply of tonnage of late is likely contributing to some overly aggressive offerings from hungry End Buyers. 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 June 2021

29 June 2021

As we close out June and head into peak monsoon season in the sub-continent markets, the recycling markets continue to perform surprisingly well. 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 June 2021

21 June 2021

All fiscal budgets in the Indian sub-continent markets have been announced in the past month or so, without any duties / taxes being levied on their respective domestic ship recycling sectors, and this has left all areas positively positioned moving into the 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 5 March 2021

08 March 2021

This week, steel prices in Asian recycling markets (save for India) have shot back up again, as this rollercoaster year continues. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.