Demolition report dated 27 October 2023
A few weeks of declines in the global ship recycling markets have finally seen India (the market leaders) catch up to the ongoing drop, by falling about USD 20/LDT in vessel prices themselves, all while Bangladesh and Pakistan continue to struggle to obtain the relevant financing needed to establish workable Letters of Credit (L/Cs).
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:
30 October 2023
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