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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 8 June 2018

12 June 2018

With much of the shipping fraternity engaged in Posidonia festivities in Athens last week, in addition to the ongoing month of Ramadan and upcoming Eid celebrations in Turkey and the Indian sub-continent, activity and levels were expectedly more subdued 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 30 November 2018

03 December 2018

It was another troubling week in the Indian subcontinent ship recycling markets as fundamentals tumbled in the various markets, leaving Cash Buyers, who previously purchased units at the peak of the market, unable to offload their inventory and this struggle will only get worse as new lower realities in the subcontinent markets are increasingly evident 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 6 July 2018

10 July 2018

Sub-continent markets are presently enduring a mid-summer slump with decreasing demand and struggling local fundamentals, leaving Cash Buyers with tonnage in hand, unable to offload their inventory at anywhere near breakeven levels as end Buyers refuse to offer anywhere near asking 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 12 January 2018

16 January 2018

It was a surprisingly quieter week in terms of activity on the sales board, probably because several Ship Owners are now actively pursuing a price close to or even in excess of USD 500/LDT The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 16 March 2018

20 March 2018

Unsurprisingly this week, another four VLCC sales (both market and private) were reported, further adding to the burgeoning volume of large LDT wet units that have been sold through 2018 already 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 September 2018

18 September 2018

Some extraordinary speculative sales were registered this week as a few Cash Buyers (ones rumored to have access to funding) seem intent on bidding well ahead of the market, in anticipation of firming rates ahead. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.