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Demolition report dated 14 April 2023
19 April 2023A comparable gloom has descended across all of the major ship recycling destinations whilst prices, demand, and sentiments are all retreating, as a miserable supply of tonnage and continued struggles on L/C financing issues plague the most recent deliveries into Bangladesh and Pakistan, the recycling industry has certainly been through a tough and quiet week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Container ships reach highest average age on record of 14.2 years
25 October 2023Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11.9 years whereas tankers on average are 12.8 years old.
Supply
01 September 2023United Kingdom, England - Wales, Kings Lynn - Slop Reception
27 February 2018USA, Illinois, Chicago IL - Cargo Handling Facilities
20 August 2019DEMOLISHCON
07 June 2023DEMOLISHCON is a standard contract for the sale of ships for demolition and recycling. The latest edition of this contract is DEMOLISHCON, issued in 2001.
EU-flagged newbuildings to carry IHM
28 December 2018Starting 31 December 2018, EU-flagged newbuildings must carry out an inventory of hazardous materials on board and carry relevant certification.
Demolition report dated 3 March 2023
07 March 2023A strong showing from nearly all of the major recycling markets over the last few weeks has left a far rosier picture (especially in India, Bangladesh, and even Turkey) and has encouraged a few more Sellers to market their vessels for sale for recycling. 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 August 2018
07 August 2018For the first time (in a long time), the ship recycling industry has witnessed progressively declining prices across all 5 major recycling destinations over the span of a few weeks. Consequently (and unsurprisingly), 2018s summer inertia continues on for yet another week, with increasingly fewer units being proposed / negotiated for sale. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
