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Demolition report dated 27 April 2018

01 May 2018

The long awaited news of the Pakistani market reopening for tankers finally became a reality this week, with the first sales and boardings of wet units likely to set up beachings by early next week - the first in 1.5 years. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 15 September 2017

18 September 2017

The gulf in prices between the sub-continent markets finally started to tell this week, as Pakistan pulled ahead of its regional competitors, with a stunning show on prices on any available dry 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 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.

Demolition report dated 18 October 2019

21 October 2019

Following a brief few weeks of positivity, subcontinent markets are once again embarking on a dispiriting downwards descent, with End Buyers withdrawing their offers amidst declining levels from India, Bangladesh and Pakistan. 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 May 2019

28 May 2019

The landslide victory for Prime Minister Modi in India has seen the domestic market shoot to the forefront of proceedings, as optimism returns to a previously nervous sector. In truth, the decline of the Bangladeshi market over the last few weeks and the consistent inadequacies of Pakistan over the last 3 quarters have meant that India was likely to be at the top of the standing by default, especially as the market heads towards the monsoon season.  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 August 2019

26 August 2019

Despite the conclusion of Eid holidays and the ongoing shortage of tonnage in the market,subcontinent locations (especially India and Pakistan) remain stranded around the mid USD300s/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 5 July 2019

08 July 2019

Inclement weather has put much of the activity in the subcontinent markets on hold this week, as Bangladesh and Pakistan continue to digest and challenge the latest outcome of their respective budgets and India continues to battle the outcome of its volatile steel plate. 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 April 2019

08 April 2019

With a previously beleaguered Pakistani market starting to return to a firmer footing last week, it seems we may soon have all of the sub-continent markets firing on and keen to buy before the monsoon season sets in towards the end of May.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 15 March 2019

18 March 2019

Markets remained under pressure this week, with very little change reported that could affect the status quo. As Bangladesh continues to fill up and gradually run out of keen & capable end Buyers, India continues to suffer extreme volatility in local plate prices and Pakistan rounds off the sub-continent markets while it rests out of the reckoning.  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.