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Demolition report dated 14 August 2020

17 August 2020

Despite the highest daily record of Covid-19 cases being reported across the globe in a single day and an increasingly worrying situation in India, the subcontinent ship recycling markets (and Turkey) continue to push on. 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 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.

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 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.

COVID-19 affecting new inventory of hazardous materials requirements in December

29 April 2020

From 31 December 2020, all ships of 500 GT and above – regardless of the flag they are flying – will be required to carry an inventory of hazardous materials (IHM) when calling a port or anchorage of a country that is a member of the European Union (EU) or European Economic Area (EEA). Failure to do so may result in penalisation.

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 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 27 March 2020

30 March 2020

All subcontinent recycling locations have gone into a complete lockdown this week, as the Coronavirus wreaks its devastating damage across the globe. In India, Prime Minister Modi has ordered the entire population of the country into a 3 week home-quarantine, in order to curb a national disaster on the scale of the Spanish flu that was witnessed over 100 years ago in 1918 and which claimed nearly as high as 50 million lives globally. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.