Demolition report dated 5 July 2024

It has been another tentative time in the global ship recycling markets as overall this week, SNP activity and local arrivals / deliveries reported minimal movements at the various waterfronts (Türkiye’s permanent holiday notwithstanding), in addition to no market sales to report in the midst of Indian sub-continent ship recyclers decidedly approaching the monsoons with a "wait-&-watch" the market mindset prior to committing afresh on tonnage, especially since virtually all sub-continent recyclers have taken in their respectable shares of tonnage over recent months. 


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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