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Demolition report dated 15 October 2021

19 October 2021

The last quarter jump in local steel plate pries (and at varying degrees) seems to have swept across all major recycling markets (including China) this week. The jump in levels varied from as little as USD 5/Ton from the Chinese market, all the way to USD 30/Ton on the Turkish end, with the sub-continent markets bridging the gap. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 8 October 2021

12 October 2021

After a couple of weeks of mixed performances in steel plate prices from the sub-continent markets where the industry witnessed Indian levels suddenly jump towards the end of last week, whilst both Pakistani and Bangladeshi markets saw their plate prices decline, this week, the respective pendulums appear to be swinging back. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Dry cargo market report dated 8 October 2021

11 October 2021

Capesize: The Capesize market continued its bull rally this week as we move into the tail-end quarter of the year. The Capesize 5TC managed a high of $86,953 on Thursday before closing out the week on a softer note at $83,865. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.

BIMCO supports IMO development of global remote inspection guidelines

05 October 2021

During the COVID-19 pandemic, the shipping industry has faced challenges when it comes to conducting surveys and inspections physically on board ships. As a result of social distancing requirements during the pandemic, remote surveys and inspections for the certification of materials and components have been successfully used and have proven to be a helpful alternative to on-site surveys. Now, global guidelines are needed.

Demolition report dated 1 October 2021

05 October 2021

We have seen markets rise and fall, ships bought and sold, regulations come and go, all whilst international awareness and focus on the ship recycling sector has greatly increased and yard quality improves (particularly in India but now starting in Bangladesh and Pakistan too) with the advent of the HKC.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.