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In a clear sign of industry support for BIMCO’s initiative to develop a new ship sale and purchase agreement, the organisation has received over 800 individual comments on its consultation draft, which will shape the final version of the agreement.
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.
Get the latest insight and interviews in the new edition of BIMCO’s Bulletin magazine.
Having endured a turbulent start to 2021, subcontinent ship recycling markets continue to gradually stabilize as levels settle in the low USD 400s/LDT The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, the big news from the subcontinent markets concerns the announcement of the Indian budget, which proposes DOUBLING the capacity in Alang for taking in ships for recycling. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been an excellent start to 2021 for the international ship recycling industry, as steel gains have pushed the markets on again, particularly in a resurgent Bangladesh, which tops the leaderboard by some distance and for another week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
BIMCO provides a summary of the significant changes brought about by Amendment 40-20 to the International Maritime Dangerous Goods (IMDG) Code.
As Christmas holidays descend the world over, the sub-continent recycling markets are ending the year on a far happier and comparatively more of a bullish note than where they were come the mid-point of the year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
An updated Report on the European list of ship recycling facilities, commissioned by BIMCO, shows progress in increasing the number of active yards on the list, but the rules still don’t reflect commercial realities and lags behind on capacity to scrap large commercial ships.
As we approach the final months of the year, the Indian sub-continent recycling destinations have settled into a steady (but positive) pattern in the mid-to-high USD 300s/LDT, with some speculative positions still being taken by various players once vessels start working firm, primarily due to a distinct lack of available tonnage at present. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
