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As the sub-continent markets continue their dreary trudge towards the onset of Q4, the industry seems to have entered a confused and shaky state, as all sub-continent market sentiments seem to be headed in the same direction i.e. downwards. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Capesize: The Capesize market continued its assertive rally this past week reaching new highs in dramatic fashion. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
This BIMCO COVID 19 weekly report for the week ending 24 September covers updates from China, Denmark, Russia, UK P&I Club, the North American Maritime Ministry Association and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets (India and Bangladesh) witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Far from being the traditionally quieter summer / monsoon months, July and August have passed with marginally weaker, albeit (still) record numbers above USD 600/Ton and deals still being concluded, particularly in the beleaguered tanker and offshore sectors! The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Prices have settled into a new reality this week as end Buyers get back to buying at levels just shy of the historical peaks seen this year, closer to (and in some cases, just over) USD 600/LT LDT from the market leaders, on high-spec units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This BIMCO COVID 19 weekly report for the week ending 17 September covers Azerbaijan, Iran, Philippines, Russia and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
This BIMCO COVID 19 weekly report for the week ending 10 September covers updates on Republic of Korea, Pakistan, the UK P&I club and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
This BIMCO COVID 19 weekly report for the week ending 3 September covers updates on Argentina, Myanmar, Portugal, Ukraine and USA. Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO).
