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Demolition report dated 30 November 2018

03 December 2018

It was another troubling week in the Indian subcontinent ship recycling markets as fundamentals tumbled in the various markets, leaving Cash Buyers, who previously purchased units at the peak of the market, unable to offload their inventory and this struggle will only get worse as new lower realities in the subcontinent markets are increasingly evident by the day. 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 2018

For 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.

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.