Demolition report dated 4 May 2018

The announcement of the closure of the Chinese ship recycling market for international flag tonnage from January 2019 has caught many in the industry by surprise last week This has caused prices to sharply spike as local Buyers look to import whatever vessels they can before activity on this front is culled.

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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