Athenian Shipbrokers SA Ship Recycling Weekly Report

Recycling markets (especially in the sub-continent) seem poised for some positive movements this week, as both Cash Buyers and End Buyers seem increasingly willing to compete on any available tonnage. There have been several specialist units, Stainless Steel Tankers & Fish Factories – being the flavor of the recent supply into India of late – as both Pakistan and Bangladesh watch stranded on the sidelines, due to the ongoing paucity of vessels that has been suffocating the markets of late. Even the Turkish market endured a period of resilience this ...

The recycling market is finally coming out from the holiday mood and with some cheer as the direction of prices

Athenian Shipbrokers SA Ship Recycling Weekly Report

2022 begins with Omicron sweeping across the world, as global markets come increasingly under pressure and in a state of stasis (with this most recent surge). Moreover, Recyclers remain unsure as whether to push on or retreat further from the declines seen over the last month. Supply does remain stifled, but there is the growing feeling that Recyclers are not showing their true hand and as such, are likely lowballing offers in the hopes of acquiring a bargain or two (especially in Chattogram). While on the one side, Bangladeshi steel ...

The continual shortage of units available for demolition has kept the prices stable across all the recycling markets this week

Athenian Shipbrokers SA Ship Recycling Weekly Report

The tumultuous 2021 has ended on an uncertain note as the effects and outcome of Omicron variant keeps the world on its toes

With markets down, a quieter festive period has ensued with no fresh (market or otherwise) sales having reportedly taken place and a calmer period of consolidation transpired in the last week of 2021, as the industry reflects on an extraordinary year gone by. The sub-continent markets more than doubled since the lows seen at the height of the Coronavirus pandemic last year, as levels managed to hit decade long highs of about USD 650/LDT, up from the lows of USD 260/LDT or so, seen during the height of the pandemic ...

Athenian Shipbrokers SA Ship Recycling Weekly Report

As the Christmas holidays approach, activity has cooled off significantly with very few fresh units being introduced into the market for sale. Notwithstanding, demand remains good – even at these reduced numbers – and it is surely a matter of time before some improvements in price are seen, given the stinging paucity of supply. This inactivity has come at something of an appropriate time, with levels in all sub-continent markets having declined by about USD 20 – USD 30/LDT, from the peaks seen in September – October. The falls in ...

Heading into the last week of the year, we have seen multiple cycles of highs and lows in 2021 which started with the levels of USD

Athenian Shipbrokers SA Ship Recycling Weekly Report

Sub-continent ship recycling markets (including Turkey) remained in a precarious position this week, with the recent decline in steel plate prices mixed in with the crushing depreciation of currencies that has led to a serious dearth in the global demand for tonnage. As a result, there have still not been any noteworthy sales at these new lower levels to justify some of the alarming news emanating from sub-continent markets, and it does seem that much of what we are hearing is far more dramatic than current realities on the ground. ...

The ship recycling market looks to finish the year quietly with barely any activity being witnessed as the lack of tonnage being offered combined