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Demolition report dated 14 December 2018

Markets appear to have settled approximately USD 25/LDT below the peaks seen in October, and at last, offers from the various subcontinent locations seem to be emerging once again – albeit primarily for smaller LDT candidates on offer, given that L/C problems in Bangladesh (and now India) are still an issue. The supply of containers persists at a furious rate and along with the beleaguered tanker sector, end Buyers should remain busy with fresh offerings, right up until the end of the year (and more than likely, well into Q1 2019). 

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: 17 December 2018

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