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Weekly Demolition Reports

GMS Week 17 – STARVED OF SUPPLY!

India finally leads the way on pricing this week, as all of markets i.e. Pakistani, Bangladeshi and even the Turkish markets work their way towards Eid holidays and the end of the Holy month of Ramadan. In fact, several markets are likely to be closed anywhere from a couple of days (as in the sub-continent) with the Turkish market celebrating until Thursday. Overall, it has been a far softer week in terms of sentiment in Pakistan, whilst Bangladesh has remained largely absent from the buying for another week. The Pakistani ...

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Best Oasis Weekly Recycling Market Report, 29 April 2022

An unexpected strong wave of demand for trading vessels due to crippling global supply chain and elongating trade routes

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 16, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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GMS Week 16 – EASTER EXCEPTION!

As holidays descended across much of the sub-continent over the last week, activity and sales logically slowed as the recycling industry enjoyed a bit of a breather. Certainly, the recently ebullient Bangladeshi market has fallen out of contention over this past month, as domestic sentiments and pricing endured a sustained dip, despite having led the industry for much of this year. Instead, it is the rampant Pakistani and Indian markets that continue to lead the way and continue to pay the most impressive numbers close to (and even above) USD ...

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Best Oasis Weekly Recycling Market Report, 22 April 2022

The recent string of sanctions being imposed on Russia are redrawing new trade routes, reorganizing global trade along political lines, defying geography, and efficiency

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 15, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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GMS Week 15 – CONSOLIDATING!

With holidays descending across the Indian sub-continent for Ramadan / Eid celebrations and the rest of the world prepares for Easter weekend, it has been a comparably quieter week in terms of sales and activity. Levels remain firm in Pakistan and India whilst Bangladesh remains somewhat muted, with domestic steel mills still refusing to engage local yards in negotiations at these higher overall levels, as Bangladeshi steel plate prices start to reflect some of the steel volatility from India. Notwithstanding, it is expected that the Bangladeshi market will likely come ...

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Best Oasis Weekly Recycling Market Report, 15 April 2022

The Ship recycling industry continued its strong performance throughout the week as the subcontinent buyers, particularly those from

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 14, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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GMS Week 14 – PICKING UP!

It has been another impressive week in both the Indian and Pakistani markets, with reportedly several sales taking place above the USD 700/LDT mark. These levels seem increasingly indicative of a market that is firm and these repeat record levels should hold for the time-being (especially after the recent volatility). Capacity also remains ripe across the sub-continent markets and demand is certainly firm in both India and Pakistan, as levels push on off the back of steel plate prices that remain positioned impressively high (even after this week). The Bangladeshi ...

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Best Oasis Weekly Recycling Market Report, 08 April 2022

The ongoing war in Ukraine and widespread lockdowns in China have altered trade flows, thereby leading to an increase in ocean freight rates

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 13, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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GMS Week 13 – RE-ARRANGING!

Both Pakistani and (especially) Indian markets have come surging back this week, to lead the way over a lackluster Bangladesh that has virtually dropped out of contention of late. Firming steel plate prices in India have been the key driving factor behind this, and it still seems inevitable that the USD 700/LDT mark could be breached into these two markets, on upcoming sales in the near future (as long as these fundamentals hold). Pakistan has been on the sidelines of late, but appear to have woken up this week, in ...

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 12, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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Best Oasis Weekly Recycling Market Report, 01 April 2022

The era of stability is nearing an end as the global economy is confronted with successive shocks

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