Demolition report dated 5 January 2024
After what has been an overall miserable 2023 in the ship-recycling industry and even worse 6-month tail end of, whereby all of the major ship recycling destinations were swept up in declining vessel prices, a plummeting supply of fresh units, currency depreciations, and rampant global inflation, 2024 seems to be off with just a little more hope and a chance at recovery as positive signs seem to permeate through the markets.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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Posted:
08 January 2024
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