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Demolition report dated 3 August 2018

07 August 2018

For the first time (in a long time), the ship recycling industry has witnessed progressively declining prices across all 5 major recycling destinations over the span of a few weeks. Consequently (and unsurprisingly), 2018s summer inertia continues on for yet another week, with increasingly fewer units being proposed / negotiated for sale. 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 September 2018

25 September 2018

Following some extraordinary speculative sales from last week, which saw several tankers concluded at numbers that are completely disconnected from present day subcontinent realities, the speculative theme (surprisingly) continued on this week, with further wild Cash Buyer moves. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 22 June 2018

26 June 2018

The deluge of tankers being proposed for recycling – particularly large LDT tankers, VLCCs and FSUs – seems to be continuing unabated, even as the Indian sub-continent markets head into the traditionally quieter summer / monsoon months. 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 June 2018

05 June 2018

As previously anticipated, sales and activity seem to have cooled off as the shipping community descended upon Posidonia in Athens 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 12 October 2018

15 October 2018

After weeks of positivity, some worrying reversals, both on local steel plate prices and currencies, wracked the subcontinent markets this week and may well preclude some (worrying) price declines in the near future.  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.