Demolition report dated 3 November 2023
As we progressively approach Diwali holidays - inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments certainly seem to have beset across all of the sub-continent ship-recycling destinations (even Turkey to an extent), which have certainly cooled by about USD 20/LDT (and then some) over recent weeks, all while presenting a dichotomy of current times where both India & Bangladesh (steel plate prices) reported surprising increases this week.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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Posted:
06 November 2023
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