Demolition report dated 5 August 2022

Sub-continent markets are going to be (seemingly) deprived of tonnage in the foreseeable future, as recycling rates continue their downward descent and tighter restrictions are placed on importing large LDT tonnage into Bangladesh and now Pakistan (with limits on large US$ value L/Cs). 

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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