Demolition report dated 21 April 2023

The results of this most recent market decline have been on full display this week as those vessels previously sold at higher prices are now struggling to deliver in a U.S. Dollar starved Bangladesh (and Pakistan) and End Buyers are starting to (expectedly) create unnecessary turbulence at the waterfront, especially on those high-priced incoming units. 

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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