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Demolition report dated 7 December 2018

07 December 2018

Ship recycling markets remained stretched this week – both with the supply of pricey unsold Cash Buyer tonnage, as well as local offerings that seem to be arrowing downwards. However, there have paradoxically been a number of fresh deals this week, not only at lower overall levels, but also a few spectacularly priced fixtures of specialist vessels, as owners remain determined to shed some of their aging tonnage before the year-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 28 February 2020

02 March 2020

As international stock markets suffered some of the worst losses since the financial crisis of 2008, international recycling markets are reacting in a similarly negative fashion, with the Indian Rupee and Turkish Lira tumbling drastically, local steel prices reversing, and an almost complete lack of serious offers coming forth from Recyclers looking for tonnage. 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 February 2020

11 February 2020

Shaky fundamentals, not only in the freight markets, but also the overall international economy, have finally started to seep into the recycling markets this week, with falling steel plate prices (in India and Bangladesh), nervy offerings, and troubled deliveries 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 21 February 2020

24 February 2020

Despite the recent decline across all recycling sectors, SNP activity and deal flow remains comparatively high, especially as freight markets show few signs of improving anytime soon. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.