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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.