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Demolition report dated 3 November 2017

07 November 2017

DECLINE HALTED? The unrelenting decline witnessed across all recycling locations during the recent weeks seems to have halted this week 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 December 2017

28 December 2017

GOOD CHEER SPREADS! Even though the markets recently witnessed a flurry of early-to-mid 90s built Capesize bulker sales from the Korean market (ones that were coming off government charters and being sold for scrap), it has been remarkably quiet on the dry (and container) recycling fronts this year as freight rates in both these sectors have made decent recoveries. 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 October 2017

31 October 2017

RAYS OF HOPE? After what has been a rather dour period for the international ship recycling markets, the first glimmers of stability finally started to emerge this week. 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 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.

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.

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 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.