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Demolition report dated 30 November 2018

It was another troubling week in the Indian subcontinent ship recycling markets as fundamentals tumbled in the various markets, leaving Cash Buyers, who previously purchased units at the peak of the market, unable to offload their inventory and this struggle will only get worse as new lower realities in the subcontinent markets are increasingly evident by the day.

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: 03 December 2018

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