Demolition report dated 9 June 2023

Despite an overall neutral-to-positive budget in Bangladesh last week, the Central Bank has curiously decided to impose restrictions on L/Cs once again, reportedly due to the ongoing shortage of foreign currency / U.S. Dollar reserves in the country, as inflation / currency depreciations continue to hammer away at a majority of the global recycling destinations.

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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