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Demolition report dated 1 February 2019

04 February 2019

The week before Chinese New Year has finally brought some semblance of stability, to a ship recycling market that seemed to be in freefall over the previous month. Indeed, most Cash Buyers have been struggling to offload their existing overpriced inventories at anywhere near sensible / breakeven levels, resulting in something of a panic as a majority of these vessels are now headed to the only bullish market (Bangladesh), in the hopes of salvaging whatever little could be financially scraped out of a deal.  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 April 2019

23 April 2019

As we near the cut off date of the Bangladeshi budget on June 5th and the upcoming monsoon season across the subcontinent markets, deals keep being concluded – particulary in the beleaguered Capesize bulker and container sectors. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 25 October 2019

29 October 2019

Despite hopes that the markets may be on the rise once again, alarming reversals across all (subcontinent) locations over the past month seem to be firmly signaling the opposite. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 1 November 2019

04 November 2019

This week, the rot seems to have well and truly set in once again, as all subcontinent markets turned in another negative and lackluster performance, in what has (recently) been turning into an overall woeful fourth quarter of the year. 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 November 2019

27 November 2019

The big news this week centered around the decisive steps taken by the Indian government, to approve the implementation of the ‘Recycling of Ships Bill, 2019’ and accession to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 15 November 2019

20 November 2019

After several weeks of all pervading negativity off of the back of slumping Bangladeshi steel plate prices, the rollercoaster nature of the international ship recycling markets was on full display this week, as prices and sentiments once again started to step towards being positive. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 15 February 2019

18 February 2019

Markets have begun to stabilize in the sub-continent this week, with India gaining some ground off the back of steel plate prices that improved for much of the week, even though they ended the week at nearly the same levels. 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 November 2019

20 November 2019

For the first time this year, the top spot on the subcontinent demo rankings was relinquished as a beleaguered Bangladeshi market plummeted from first place down to last. 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 June 2019

01 July 2019

The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all 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 23 August 2019

26 August 2019

Despite the conclusion of Eid holidays and the ongoing shortage of tonnage in the market,subcontinent locations (especially India and Pakistan) remain stranded around the mid USD300s/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.