Demolition report dated 3 October 2019

Green shoots of recovery have been evident in the subcontinent markets over the past week or so – particularly in Bangladesh, where a number of (premium) sales have taken place that breached the USD 400/Ton mark, giving a real sense of encouragement to Ship Owners, Cash Buyers (still with expensive inventory on hand) and End Buyers, who have remained on the sidelines for the most part.

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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