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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 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 28 December 2018

02 January 2019

With the final week of 2018 upon us, we take the opportunity to reflect on another interesting year of progress and change across the international ship recycling markets 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 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 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 27 March 2020

30 March 2020

All subcontinent recycling locations have gone into a complete lockdown this week, as the Coronavirus wreaks its devastating damage across the globe. In India, Prime Minister Modi has ordered the entire population of the country into a 3 week home-quarantine, in order to curb a national disaster on the scale of the Spanish flu that was witnessed over 100 years ago in 1918 and which claimed nearly as high as 50 million lives globally. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 13 March 2020

16 March 2020

This week, Indian subcontinent ship recycling markets went into yet another freefall, echoing sentiments across international stock markets, which have also tanked in response to the uncontrollable spread of the coronavirus, which has now been upgraded in status to a global pandemic. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.