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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 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 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 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 4 May 2018

08 May 2018

The announcement of the closure of the Chinese ship recycling market for international flag tonnage from January 2019 has caught many in the industry by surprise last week This has caused prices to sharply spike as local Buyers look to import whatever vessels they can before activity on this front is culled. 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 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.