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Demolition report dated 15 February 2019

18 February 2019

Markets have begun to stabilize in the sub-continent this week, with India gaining some ground off the back of steel plate prices that improved for much of the week, even though they ended the week at nearly the same levels. 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 February 2019

11 February 2019

After an extended period of withering optimism, this week, several sales at curiously high numbers seems to suggest that certain Cash Buyers are confident about a return to form for the market. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 1 February 2019

04 February 2019

The week before Chinese New Year has finally brought some semblance of stability, to a ship recycling market that seemed to be in freefall over the previous month. Indeed, most Cash Buyers have been struggling to offload their existing overpriced inventories at anywhere near sensible / breakeven levels, resulting in something of a panic as a majority of these vessels are now headed to the only bullish market (Bangladesh), in the hopes of salvaging whatever little could be financially scraped out of a deal.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 25 January 2019

28 January 2019

Since the advent of 2019, the declines witnessed across the Indian subcontinent markets have shown no signs of abating and increasingly desperate Cash Buyers finally started to offload their hefty existing (and expensive) inventories at ever decreasing rates. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 18 January 2019

21 January 2019

It has been another shaky week in the subcontinent markets, with prices and sentiments across the board, seemingly declining by the day. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 January 2019

14 January 2019

Instability seems to be the key word in the subcontinent markets this week, with all locations precariously poised and seemingly heading downwards, as 2019 embarks on a rather negative and tentative start. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 4 January 2019

07 January 2019

After a slightly sluggish festive period (in terms of sentiment and pricing) and as the industry head into the New Year, there was brewing optimism for a return to form in the subcontinent ship recycling markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 21 December 2018

02 January 2019

The traditional year-end exuberance from the subcontinent markets has yet to officially materialize, given the ongoing uncertainty with local fundamentals that has ensured prices and demand remain relatively subdued. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 28 December 2018

02 January 2019

With the final week of 2018 upon us, we take the opportunity to reflect on another interesting year of progress and change across the international ship recycling markets The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 14 December 2018

17 December 2018

Markets appear to have settled approximately USD 25/LDT below the peaks seen in October, and at last, offers from the various subcontinent locations seem to be emerging once again – albeit primarily for smaller LDT candidates on offer, given that L/C problems in Bangladesh (and now India) are still an issue. The supply of containers persists at a furious rate and along with the beleaguered tanker sector, end Buyers should remain busy with fresh offerings, right up until the end of the year (and more than likely, well into Q1 2019).  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.