Demolition report dated 1 September 2023

A glimmer of optimism seems to have been aroused in the sub-continent ship recycling markets this week, as several units were reportedly concluded to optimistically fervent Cash Buyers (at increasingly firmer levels) who are perhaps eager to book tonnage pre-Monsoon end, in order to potentially satiate some of the forthcoming increase in demand from the sub-continent markets once the traditionally busy year-end / Q4 kicks in.

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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