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Demolition report dated 12 June 2020

15 June 2020

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.

Demolition report dated 24 July 2020

28 July 2020

Pakistan has been and continues to surge ahead of its sub-continent competitors in recent weeks, with some astounding numbers being tabled. This week, it was no different with another couple of rather high-priced bulker sales being confirmed to Gadani Buyers. 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 May 2018

29 May 2018

Having taken in a majority of the larger LDT (wet) tonnage from unsold Cash Buyer inventories since the market reopened for tankers, Pakistan finally started to cool off this week as the few open Buyers presented far less aggressive numbers on proposed units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 19 October 2018

23 October 2018

Of late, currency woes in both India and Pakistan have rocked the subcontinent markets. However, improvements in local steel plate prices and settling of the respective Rupees have brought back a greater degree of confidence into the ship recycling industry this week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 5 January 2018

11 January 2018

 Risky business! With Pakistan still closed for tankers, we would urge Owners of wet tonnage to curtail their expectations on rates as the only option for their units remains India or a far more muted Bangladesh. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 6 April 2018

10 April 2018

With the Pakistani ban on tankers lingering frustratingly on for yet another week, a Bangladeshi market that is seemingly in freefall at present and an Indian market that has struggled to keep up (competitively) with its neighbours, there seems to be little respite for the subcontinent recycling markets after a frustrating start to April. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 13 April 2018

17 April 2018

With Pakistan yet to reopen its beaches for tankers, the ongoing delays are further ramping up anticipation and pressure as each new delegation and meeting between the PSBA and government officials yields no results, despite the fact that only one final signature is remaining / required to reopen Gadani’s shores for tankers and finally put an end to this saga. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 23 February 2018

27 February 2018

The ongoing rumors of an imminent Pakistan market reopening within the next month or so have further intensified over the last week and this has led to some increasingly speculative Cash Buyer purchases The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 2 March 2018

06 March 2018

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.

Demolition report dated 17 August 2018

22 August 2018

Just as the sub-continent markets started to display signs of a recovery / improvement this week, Eid holidays descended across Pakistan and Bangladesh (and the nearly defunct Turkish market), as a quieter week of activity is expected to ensue. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.