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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.

Demolition report dated 3 April 2020

06 April 2020

All of the major recycling locations remain under lockdown for yet another week as the Coronavirus pandemic spreads across the globe. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 8 May 2020

11 May 2020

There has been a slow and cautious easing of restrictions in ship recycling sectors across the Indian subcontinent markets as certain yards get back to work in Alang and a few vessels waiting for special permissions in Bangladesh have finally been allowed to beach 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 15 May 2020

18 May 2020

Whilst the various recycling destinations remain far from fully open today, the anticipation of subcontinent markets opening within the month/before June has once again motivated Cash Buyers to take speculative positions and commit vessels at some firmer levels over the recent weeks. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 28 February 2020

02 March 2020

As international stock markets suffered some of the worst losses since the financial crisis of 2008, international recycling markets are reacting in a similarly negative fashion, with the Indian Rupee and Turkish Lira tumbling drastically, local steel prices reversing, and an almost complete lack of serious offers coming forth from Recyclers looking for tonnage. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 10 April 2020

14 April 2020

With all subcontinent locations still under a strict lockdown and virtually all global ports similarly observing quarantine measures, the deal flow for both trading and recycling markets have expectedly ground to a halt. 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 February 2020

11 February 2020

Shaky fundamentals, not only in the freight markets, but also the overall international economy, have finally started to seep into the recycling markets this week, with falling steel plate prices (in India and Bangladesh), nervy offerings, and troubled deliveries of late. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 21 February 2020

24 February 2020

Despite the recent decline across all recycling sectors, SNP activity and deal flow remains comparatively high, especially as freight markets show few signs of improving anytime soon. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.