Demolition report dated 10 December 2021

Markets remain tentatively poised this week, as days of constant reversals have left most end Buyers without any motivation or appetite to acquire units at yesterday’s levels. India has been the most affected by the recent falls, with all offers on vessels now coming in around the mid USD 500s/LDT and below, having seen well above USD 600/LDT just last month.

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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