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Demolition report dated 27 December 2019

14 January 2020

As 2019 closes and the watershed year of 2020 comes into view with the increased price of low Sulphur fuel (or installation of scrubbers) that is set to affect the bottom lines and OPEX rates of Ship Owners the world over, it is set to be a busy few years ahead for the various ship recycling destinations. 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 January 2020

14 January 2020

It has been a roaring start to the year with prices, particularly in India, pushing on to levels approaching (and in the case of certain containers, well above) USD 400/LT LDT. 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 January 2020

14 January 2020

The exuberance displayed during the final few weeks of 2019 and the onset of 2020 has showed no signs of abating, with several increasingly impressive sales taking place at ever increasing numbers. 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 June 2019

11 June 2019

There was a brief bounce in the Indian market following the election victory of the pro-business Mr. Modi, but local steel prices have begun to cool off ever since. 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 May 2019

03 June 2019

The market remains on an overall subdued footing, despite the recent surge in optimism in India, brought on by last week’s election victory of Prime Minister Mr. Narendra Modi. 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 July 2019

22 July 2019

The mid-year slump witnessed across all recycling locations has shown no signs of abating, with another poor showing (especially from the subcontinent markets) as offers on units declined across the board on the back of weakening steel plate prices, with India taking the biggest hit once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 October 2019

14 October 2019

After a brief spike in the markets (which saw a few vessels sold at increasingly firm numbers, some of which even crept past the USD 400/LT mark), there now appears to be a resurging resistance from local Recyclers to improve prices any further. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 18 October 2019

21 October 2019

Following a brief few weeks of positivity, subcontinent markets are once again embarking on a dispiriting downwards descent, with End Buyers withdrawing their offers amidst declining levels from India, Bangladesh and Pakistan. 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 February 2019

11 February 2019

After an extended period of withering optimism, this week, several sales at curiously high numbers seems to suggest that certain Cash Buyers are confident about a return to form for 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 21 June 2019

24 June 2019

The ongoing decline in the Indian sub-continent markets have yet to show signs of abating / easing this week, with ever-lower numbers surfacing from the various ship recycling locations – if any were forthcoming at all. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.