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Demolition report dated 19 October 2018

23 October 2018

Of late, currency woes in both India and Pakistan have rocked the subcontinent markets. However, improvements in local steel plate prices and settling of the respective Rupees have brought back a greater degree of confidence into the ship recycling industry 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 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.

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 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 23 February 2018

27 February 2018

The ongoing rumors of an imminent Pakistan market reopening within the next month or so have further intensified over the last week and this has led to some increasingly speculative Cash Buyer purchases The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 2 March 2018

06 March 2018

The excitement being generated by an imminent Pakistani reopening for tankers coupled with soaring steel plate prices led to an unexpected market lift off this week The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.