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Recycling markets remain firmly poised for another week, following a stunning resurgence by the Bangladeshi market (in particular) that leaves them atop the price rankings board. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Sub-continent markets appear to have disappeared back into the ether for another week, as trading markets rebound and candidates for recycling start to dissipate. 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.
The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.
After a few rotten weeks of constant declines across sub-continent markets, thankfully, this week appears to have brought with it a modicum of stability. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As India starts to recede, perhaps fearful of an influx of tonnage, competing markets in Pakistan and Bangladesh are starting to improve once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Activity has ramped up in the final month of the year, with several sales of diverse and some large LDT units registering across all sectors. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Subcontinent markets finally appear to be turning positive as nearly all locations posted some gains off the back of settling steel plate prices and stabilizing / firming currencies. 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 excitement being generated by an imminent Pakistani reopening for tankers coupled with soaring steel plate prices led to an unexpected market lift off this week The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
