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Demolition report dated 27 March 2020

30 March 2020

All subcontinent recycling locations have gone into a complete lockdown this week, as the Coronavirus wreaks its devastating damage across the globe. In India, Prime Minister Modi has ordered the entire population of the country into a 3 week home-quarantine, in order to curb a national disaster on the scale of the Spanish flu that was witnessed over 100 years ago in 1918 and which claimed nearly as high as 50 million lives globally. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 20 March 2020

24 March 2020

Pandemonium has been sweeping across the globe this week, as an increasing number of ports worldwide have reported shut downs, quarantines on incoming crew are being imposed at those that are still open for operation, and recycling deliveries are being jeopardized – both for ships arriving Indian subcontinent locations and for many ‘as is’ recycling deals the world over. 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 March 2020

16 March 2020

This week, Indian subcontinent ship recycling markets went into yet another freefall, echoing sentiments across international stock markets, which have also tanked in response to the uncontrollable spread of the coronavirus, which has now been upgraded in status to a global pandemic. 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 March 2020

10 March 2020

Markets continue their seemingly uncontrolled downward spiral this week, with steel plate prices losing massive ground in India, and Bangladesh hardly offering any reasonable rates on available units. 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 February 2020

02 March 2020

As international stock markets suffered some of the worst losses since the financial crisis of 2008, international recycling markets are reacting in a similarly negative fashion, with the Indian Rupee and Turkish Lira tumbling drastically, local steel prices reversing, and an almost complete lack of serious offers coming forth from Recyclers looking for tonnage. 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 February 2020

24 February 2020

Despite the recent decline across all recycling sectors, SNP activity and deal flow remains comparatively high, especially as freight markets show few signs of improving anytime soon. 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 February 2020

18 February 2020

After a rather positive start to the year (particularly for the rampant Indian market), subcontinent fundamentals have been reflecting weakened global shipping sentiments as declining steel plate prices and a diminishing demand on the back of a massive supply of vessels has suddenly ushered markets into negative territory. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 7 February 2020

11 February 2020

Shaky fundamentals, not only in the freight markets, but also the overall international economy, have finally started to seep into the recycling markets this week, with falling steel plate prices (in India and Bangladesh), nervy offerings, and troubled deliveries of late. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.