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Demolition report dated 22 May 2020

25 May 2020

Despite imminent talks of markets reopening soon, prices have displayed a generally negative spiral in the subcontinent markets this week, with end Buyers lowballing on any available units, including those vessels that are currently stuck at anchorages of the various recycling destinations and thus playing into Recycler's hands. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.