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Demolition report dated 10 August 2018

07 August 2018

The stasis in the Indian sub-continent ship recycling markets continues, with no new sales to report and virtually no movement in prices. In fact, ever since levels declined by about USD 50/LDT during the second quarter of the year (leaving many Cash Buyers with unsold vessels stumped in the process), demand has subsequently (and expectantly) dipped during these traditionally quiet 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 5 October 2018

08 October 2018

The Indian currency registered some dramatic declines this week, pushing the envelope well in excess of Rs. 74 against the U.S. Dollar, in addition to some alarming slides in local steel plate prices, both of which ensured it was a terrible week for the Indian market. 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 November 2018

26 November 2018

Markets remain positioned some ways away from their recent peak with different factors affecting each location, and this is subsequently pulling prices across the board, lower 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 April 2018

10 April 2018

With the Pakistani ban on tankers lingering frustratingly on for yet another week, a Bangladeshi market that is seemingly in freefall at present and an Indian market that has struggled to keep up (competitively) with its neighbours, there seems to be little respite for the subcontinent recycling markets after a frustrating start to April. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 13 April 2018

17 April 2018

With Pakistan yet to reopen its beaches for tankers, the ongoing delays are further ramping up anticipation and pressure as each new delegation and meeting between the PSBA and government officials yields no results, despite the fact that only one final signature is remaining / required to reopen Gadani’s shores for tankers and finally put an end to this saga. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 29June 2018

03 July 2018

With the summer / monsoon season fully under way across the Indian sub-continent, prices and demand have started to decline across the board for various reasons.  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 September 2018

02 October 2018

On the back of some aggressive and ongoing Cash Buyer speculation, markets surged even further this week and a noteworthy fixture fetched an incredible price, breaching the coveted USD 500/LDT barrier. 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 December 2018

17 December 2018

Markets appear to have settled approximately USD 25/LDT below the peaks seen in October, and at last, offers from the various subcontinent locations seem to be emerging once again – albeit primarily for smaller LDT candidates on offer, given that L/C problems in Bangladesh (and now India) are still an issue. The supply of containers persists at a furious rate and along with the beleaguered tanker sector, end Buyers should remain busy with fresh offerings, right up until the end of the year (and more than likely, well into Q1 2019).  The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.