The ongoing surge in recycling rates has sustained for another week, even though a slight reduction in supply

Athenian Shipbrokers SA Ship Recycling Weekly Report

Recycling markets remain firmly poised for another week, following a stunning resurgence by the

Athenian Shipbrokers SA Ship Recycling Weekly Report

A strong showing from nearly all of the major recycling markets over the last few weeks has left a far rosier picture

Athenian Shipbrokers SA Ship Recycling Weekly Report

It is the Bangladeshi market that has been impressing everybody of late (and for yet another week) with a lot of pent-up demand being realized and

Athenian Shipbrokers SA Ship Recycling Weekly Report

This week, several more sales have registered as sub-continent ship recycling markets come roaring back – and a previously subdued Bangladesh starts to seemingly find some form once again, with some workable L/Cs from privately financed (rather than state controlled) banks. Despite the ongoing discussions about an IMF loan in the amount of about USD 2 – 3 billion, end buyers have been working to find alternate ways to pay for vessels for some time now and without the troublesome central bank approval, which is denying the disbursements of U.S. ...

Athenian Shipbrokers SA Ship Recycling Weekly Report

An increase in the flow of tonnage has begun to buoy recycling markets and all potential locations are increasingly trying to secure vessels, in order to satisfy an progressively rampant demand that has built up over a record low influx of tonnage during a dreadfully quiet 2022. Of course, India continues to remain the primary focus due to their far more stable market conditions and ability to finance new L/Cs regardless of vessel size. Bangladesh and Pakistan continue to struggle with liquidity issues amidst a dire lack of U.S. Dollars ...

Athenian Shipbrokers SA Ship Recycling Weekly Report

Another solid showing from sub-continent markets has given encouragement to Ship Owners and Cash Buyers, to start testing potential prices with firm candidates. Indeed, several deals have been concluded off the back of these improved numbers, including one more Capesize bulker at firm levels basis an ‘as is’ Singapore delivery. Now that the Chinese New Year holidays have concluded, the expected bounce in freight markets has yet to materialize, so an increased number of dry bulk and container units (in particular) have come under serious negotiations for recycling. Even global ...

Athenian Shipbrokers SA Ship Recycling Weekly Report

Following a virtually inert 2022 and a slightly busier start to 2023 at the various recycling destinations, much of the Far East was off celebrating Chinese Lunar New Year holidays this week and it has expectedly been a quieter period – in terms of sales and activity. A larger number of container vessels have so far been sold for recycling at the start of the year, and we are beginning to see signs that older dry bulk vessels with surveys due may follow suit in the near future as well. ...