Demolition report dated 21 June 2024
Across the industry this week, the on going & disastrous state of affairs in both Bangladesh and Pakistan on opposite ends, coupled with the onset of the customarily slower summer / monsoon months has increasingly descended the Indian sub-continent ship recycling markets into a tighter squeeze over the last week or so, especially as India too shuffles through the impact of its recent election results and Turkey at the far end remains upended without any rescue, lying emaciated in wait for any signs o f tonnage coming their way.
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:
25 June 2024
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