Demolition report dated 29 July 2022

Fears and concerns across the sub-continent recycling markets continue to grow as local currencies across all major ship-recycling destinations continue to worryingly depreciate by the day and some even tougher restrictions reportedly set in place on the opening of fresh Letters of Credit (L/Cs) in Bangladesh this week, as the foreign currency crisis in the country deepens further.  

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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