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Results for:Demolition%20reports

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Demolition report dated 6 October 2017

10 October 2017

Over the last few weeks, local steel plate prices have suffered near catastrophic declines in Turkey and to some extent China. This in turn seems to have had a knock on / negative effect on the sub-continent markets resulting in overall prices for ships gradually starting to decline below the historically impressive 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.

Demolition report dated 29 September 2017

03 October 2017

As September draws to an end after the recent remarkable rally in prices, all sub-continent locations are now displaying an increasing resistance to the firming levels and except Pakistan (to an extent), both Bangladeshi and (especially) Indian end-buyers are starting to reverse their prices. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

An eventful year for containerships in a volatile demolition market

20 February 2015

2014 turned out to be a very hectic year for the demolition market and it became clear just how volatile the market really can be. Previous experiences tells us the end of the year is usually one of the busiest moments for scrapyards, however in 2014 this effect was washed out by declining demolition prices.

Oil product tanker demolition on track to break 11-year record

11 May 2021

In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.

Demolition prices slip to USD 525 per LDT in India despite policy change

01 December 2022

On 18 November, India’s government removed export tariffs on iron ore and some intermediary steel products. However, this was not enough to keep domestic ship demolition prices from dropping to USD 525 per Light Displacement Tonnage (LDT) at the end of November, 7.9% lower than at the end of October.