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Demolition report dated 15 November 2019

20 November 2019

After several weeks of all pervading negativity off of the back of slumping Bangladeshi steel plate prices, the rollercoaster nature of the international ship recycling markets was on full display this week, as prices and sentiments once again started to step towards being positive. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 22 November 2019

27 November 2019

The big news this week centered around the decisive steps taken by the Indian government, to approve the implementation of the ‘Recycling of Ships Bill, 2019’ and accession to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 6 September 2019

10 September 2019

The summer malaise that has set in to the primary international ship recycling destinations has continued for another week, with muted demand, declining offerings and despondent local fundamentals that continue to take a toll on respective local sentiments. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 30 August 2019

10 September 2019

Prices remain marooned in the mid USD 300s/LDT as a sluggish summer of offers and sentiments in the global ship recycling markets nears an end. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 22 June 2018

26 June 2018

The deluge of tankers being proposed for recycling – particularly large LDT tankers, VLCCs and FSUs – seems to be continuing unabated, even as the Indian sub-continent markets head into the traditionally quieter 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 19 October 2018

23 October 2018

Of late, currency woes in both India and Pakistan have rocked the subcontinent markets. However, improvements in local steel plate prices and settling of the respective Rupees have brought back a greater degree of confidence into the ship recycling industry 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 30 March 2018

04 April 2018

The anticipated and feared price decay seems to have truly set in this week, with constant declines across all recycling locations The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 6 April 2018

10 April 2018

With the Pakistani ban on tankers lingering frustratingly on for yet another week, a Bangladeshi market that is seemingly in freefall at present and an Indian market that has struggled to keep up (competitively) with its neighbours, there seems to be little respite for the subcontinent recycling markets after a frustrating start to April. 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 August 2018

07 August 2018

The stasis in the Indian sub-continent ship recycling markets continues, with no new sales to report and virtually no movement in prices. In fact, ever since levels declined by about USD 50/LDT during the second quarter of the year (leaving many Cash Buyers with unsold vessels stumped in the process), demand has subsequently (and expectantly) dipped during these traditionally quiet 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 7 September 2018

11 September 2018

Markets are precariously poised at present, with the depreciating Indian Rupee & volatile local steel plate prices bringing grave concern to Alang Buyers, while news of a ‘mini’ budget with a potentially negative outcome for Gadani’s ship recycling sector has started filtering through from Pakistan.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.