Demolition report dated 16 November 2018

Markets fully progressed into “bear” territory this week, with sentiments weakening and end Buyer offerings subsiding by the day. Expectedly), Cash Buyers are now struggling to offload their expensive inventory at anywhere near breakeven levels and it seems as though end Buyers are starting to smell “blood in the water”.

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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