Demolition report dated 26 April 2024

On the back of freight markets that are finally facing their first set of 2024 jitters, the industry is gradually witnessing an increasing number of units being proposed for a recycling sale, all of which are being confirmed via the sudden influx of tonnage at the Indian and Bangladeshi waterfronts this week, just as the Pakistani market (as expected) starts to fall behind on its domestic arrivals and at this rate, India looks set to sneak past the Pakistani market in the rankings soon enough.

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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