Demolition report dated 20 November 2020

After exactly two months in operation, the cartel in Bangladesh has finally come to an end and End Buyers are free to offer their own prices, rather than relying on the lottery system / below-market prices on offer from the cartel, that saw them secure nearly no vessels during their relatively short-lived existence.

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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