Demolition report dated 1 November 2024
As oil and even the overall Baltic Exchange’s main sea index fell further this week (about 1.6%), the increasing supply in tonnage is regrettably being met by further disappointment as ship recycling prices fell across the board and have remained subdued through the week, greeting any sales that are being concluded at numbers now dropping towards the mid USD 400s/LDT, with some facing even lower indications on account of their poorer overall conditions.
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:
04 November 2024
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