After what has been an overall miserable 2023 in the ship-recycling industry and even worse 6-month tail end of, whereby all of the major ship recycling destinations were swept up in declining vessel prices, a plummeting supply of fresh units, currency depreciations, and rampant global inflation, 2024 seems to be off with just a little more hope and a chance at recovery as positive signs seem to permeate through the markets.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
If you are a member, please login using the orange button at the top of the page to view the full article, or register.
If you are unsure of your membership, or wish to become a member, please contact membership@bimco.org.
All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.
For general guidance and information on cargo-related queries.
Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.