Demolition report dated 12 August 2022

Despite all major ship-recycling destinations registering gains in steel plate prices (in unison) and to varying degrees this week, the summer lull continues across the board, with nearly no fresh tonnage to work on and a majority of vessels mooted for a recycling sale (both from Ship Owners and Cash Buyers alike) being converted back to trading again, especially by a re-energized second-hand market. 

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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