Demolition report dated 23 February 2024

In spite of Chinese New Year holidays having concluded over a week ago, the ongoing & unending lethargy that is permeating through global ship recycling markets is now being exclusively driven by the relentless & futile shortage of tonnage that is expected to continue until Spring (at the very least), the much-anticipated rebound in global recycling volumes that so many in our industry had been waiting (hoping) for before the turn of the year, has unfortunately failed to materialize.

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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