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As freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be filtering back to work amidst declining plates prices, sentiments, and local offerings that remain stagnant. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The world finally gathered this week at the Tradewinds ship recycling conference in Dubai, for the first time in three years due to the onset of the pandemic. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As holidays descended across much of the sub-continent over the last week, activity and sales logically slowed as the recycling industry enjoyed a bit of a breather. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Both Pakistani and (especially) Indian markets have come surging back this week, to lead the way over a lackluster Bangladesh that has virtually dropped out of contention of late. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The recycling markets remained subdued this week again, with very few (serious) transactions to note as price and demand have taken a serious hit over recent weeks. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, the big news from the subcontinent markets concerns the announcement of the Indian budget, which proposes DOUBLING the capacity in Alang for taking in ships for recycling. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, as lockdowns were once again extended at all subcontinent locations until May 15/16th, the toll on frustrated Ship Owners and Cash Buyers has started to tell. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the conclusion of Eid holidays and the ongoing shortage of tonnage in the market,subcontinent locations (especially India and Pakistan) remain stranded around the mid USD300s/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
IRRATIONAL EXUBERANCE! The recently witnessed hot streak from the sub-continent markets continued for yet another week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
