Allied Shipbroking – Weekly SnP Statistics Report Week 27 2020

As Covid-19 cases rise, market is still unstable and yet buyers are seeking to close deals at today’s prices. Bangladesh despite the upward

Subcontinent markets finally started to display some encouraging signs this week, as positive movements on prices

Prices of ship plates at Alang are stable in a healthy range.

Allied Shipbroking – Weekly SnP Statistics Report Week 26 2020

Demolition Market is still experiencing it’s worst period since 2015 due to oversupply and low prices.

India continued its depressing downward spiral this week, with all market sales into Alang reportedly taking place below

So far within the subcontinent, an incomplete recovery from the Covid19 pandemic is being witnessed

Allied Shipbroking – Weekly SnP Statistics Report Week 25 2020

Due to the ever low prices since 2015, vessels have been withdrawn and many sales have been frozen.

India’s plight deteriorated even further this week, with all vessels now being greeted with offers well below USD 300/LDT

Since lockdown is getting relaxed across the world, business is slowly moving back to normal.

Allied Shipbroking – Weekly SnP Statistics Report Week 24 2020

As India starts to recede, perhaps fearful of an influx of tonnage, competing markets in Pakistan and Bangladesh are starting to improve once again.

With monsoon around the corner and 80% of workers returning back to their villages, ship recyclers in India