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Weekly Demolition Reports

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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GMS Week 12 – VOLATILE!

It has been another challenging week in the sub-continent markets, with a resurgent India and a Bangladeshi market that is still reeling from some of the recent falls in local steel, which have seen nearly USD 50/LDT knocked off the prices this week alone. India has managed to regain over half of the falls seen over the previous few weeks, but the market overall does remain extremely volatile. Commodity prices and volatile currencies show few signs of cooling off any time soon, as the Russian invasion of Ukraine enters its ...

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Best Oasis Weekly Recycling Market Report, 25 March 2022

The ongoing war has put all the commodities on the frontline, exacerbating a price swing that is making it difficult for ship recyclers to

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 11, 2022

Athenian Shipbrokers SA Ship Recycling Weekly Report

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GMS Week 11 – CAUTION URGED!

There is talk this week that markets may well have peaked as Bangladesh, India and even Turkey suffered some falls from some of the record steel plate prices seen recently. Cooking oil and commodity prices are chiefly to blame for this dip, but it also cannot be expected that the markets will continually go up (as they have been doing for nearly the last two years). The unfolding crisis in Ukraine certainly has affected global oil and gas prices and those countries that regularly purchase their reserves from Russia (such ...

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