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Demolition report dated 24 January 2020

27 January 2020

A sudden surge of tonnage pre-Chinese New Year holidays has started to put pressure on recycling markets once again, particularly as the already limited number of Recyclers of large LDT tonnage has started to get booked up. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 31 January 2020

10 February 2020

International uncertainties have seeped through to the recycling markets this week as some dramatic reversals in both sentiments and pricing rocked the industry, leaving Cash Buyers who have bought some expensive tonnage and Ship Owners with fresh vessels to sell, suddenly find themselves chasing down the market. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 17 January 2020

27 January 2020

It has been another positive week across the Indian subcontinent ship recycling locations, with further improvements on levels and demand, particularly on favored container vessels that have been making the rounds of late. 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.

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.