Demolition report dated 24 May 2019

The landslide victory for Prime Minister Modi in India has seen the domestic market shoot to the forefront of proceedings, as optimism returns to a previously nervous sector. In truth, the decline of the Bangladeshi market over the last few weeks and the consistent inadequacies of Pakistan over the last 3 quarters have meant that India was likely to be at the top of the standing by default, especially as the market heads towards the monsoon season. 

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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