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Demolition report dated 13 December 2019

20 December 2019

Activity has ramped up in the final month of the year, with several sales of diverse and some large LDT units registering across all sectors. 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 December 2019

11 December 2019

The final month of the year has provided some much needed respite and emerging positivity to an industry that has witnessed its fair share of crises and declines this year. 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 November 2019

11 December 2019

Going into the final furlong of the year, virtually all markets seem to be positioned positively and activity has started to ramp up, with Ship Owners keen to exploit some of these better offerings on show, before costs on ‘as is’ vessels (ballasting the units to the subcontinent markets) start to significantly increase with the new (and higher) Sulphur fuel regulations that will come into effect from January 1st, 2020 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 November 2019

27 November 2019

The big news this week centered around the decisive steps taken by the Indian government, to approve the implementation of the ‘Recycling of Ships Bill, 2019’ and accession to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009. 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 November 2019

20 November 2019

After several weeks of all pervading negativity off of the back of slumping Bangladeshi steel plate prices, the rollercoaster nature of the international ship recycling markets was on full display this week, as prices and sentiments once again started to step towards being positive. 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 November 2019

20 November 2019

For the first time this year, the top spot on the subcontinent demo rankings was relinquished as a beleaguered Bangladeshi market plummeted from first place down to last. 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 November 2019

04 November 2019

This week, the rot seems to have well and truly set in once again, as all subcontinent markets turned in another negative and lackluster performance, in what has (recently) been turning into an overall woeful fourth quarter of the year. 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 October 2019

29 October 2019

Despite hopes that the markets may be on the rise once again, alarming reversals across all (subcontinent) locations over the past month seem to be firmly signaling the opposite. 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 11 October 2019

14 October 2019

After a brief spike in the markets (which saw a few vessels sold at increasingly firm numbers, some of which even crept past the USD 400/LT mark), there now appears to be a resurging resistance from local Recyclers to improve prices any further. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.