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The last week of the year delivered unto the international ship recycling community & industry overall a ship load of mixed feelings. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As we enter the final few weeks of the year, it is clear that sub continent markets are not going to have the bumper conclusion to 2023 that many had been hoping for. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Another solid showing from sub-continent markets has given encouragement to Ship Owners and Cash Buyers, to start testing potential prices with firm candidates. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The recent noteworthy drop in the Indian ship recycling market seems to have reverberated across the sub-continent recycling sector this week, as competing markets start to reverse their vessel offerings in near unison. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The upward trajectory has continued in most sub-continent markets this week – particularly in a resurgent Bangladesh, where local steel plate prices are at the highest levels they have been all year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite End Buyers talking markets down, deals continue to be done at ever more impressive numbers, as Cash Buyers keep prices on select units propped up, with increasing hints of levels breaching the USD 400/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Following the catastrophic falls of around USD 150/LDT during the second quarter of the year and with all subcontinent markets now securing tonnage at increasing numbers of late, the 2020 subcontinent recovery seems nearly complete. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Prices remain marooned in the mid USD 300s/LDT as a sluggish summer of offers and sentiments in the global ship recycling markets nears an end. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The markets appeared to apply the necessary brakes as there appeared to be no further weakening in sub-continent prices and sentiment The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
RATE RISE! It would not be surprising to see several more sales take place in a similar vein before 2017 ends (probably even higher). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
