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Demolition report dated 6 October 2017
10 October 2017Over the last few weeks, local steel plate prices have suffered near catastrophic declines in Turkey and to some extent China. This in turn seems to have had a knock on / negative effect on the sub-continent markets resulting in overall prices for ships gradually starting to decline below the historically impressive USD 400/LDT mark. 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 August 2018
04 September 2018Following the conclusion of Eid holidays, unlike Turkey, in Pakistan and Bangladesh, this week, prices and demand started to improve with some frisky numbers being promptly put forth by bullish Cash Buyers who are already confident of a market returning to form. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Demolition report dated 8 June 2018
12 June 2018With much of the shipping fraternity engaged in Posidonia festivities in Athens last week, in addition to the ongoing month of Ramadan and upcoming Eid celebrations in Turkey and the Indian sub-continent, activity and levels were expectedly more subdued 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 14 August 2020
17 August 2020Despite the highest daily record of Covid-19 cases being reported across the globe in a single day and an increasingly worrying situation in India, the subcontinent ship recycling markets (and Turkey) continue to push on. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Demolition report dated 12 July 2019
15 July 2019Markets remain stuck in the quagmire this week, with local steel plate prices declining across all subcontinent markets and by about USD 35/LDT in India over the course of a few weeks, Bangladesh is still reeling from the 10% VAT that was imposed in their recently announced annual budget, the Pakistani market has remained quiet as domestic fundamentals remain under pressure and lastly Turkey seems entombed by its fundamentals as the Lira weakens once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Tanker market report dated 4 September 2020
07 September 2020Its been simmering for a while, but the spat between Turkey, Greece and Cyprus, seems to be escalating. How has this situation come about? Weekly tanker market report by Gibson Shipbrokers.
