Ship recycling market is experiencing the same volatility and uncertainty that the global economy is going through as the supply chain

Athenian Shipbrokers SA Ship Recycling Weekly Report

Markets have endured another boost off the back of surging commodity prices and there is every expectation that the USD 700/LDT mark will be imminently breached in the sub-continent markets once again. These are comfortably (and certainly) the highest numbers we have seen since the historical highs of 2008, when over USD 800/LDT was surpassed and the recent universal skyrocketing steel plate prices across the recycling board (even in China) are carrying the weight of these recent prices. The chief movement is coming from a rampant Bangladeshi market where steel ...

The ship recycling market is seeing increasing offers from end buyers with each passing day due to the tight steel supply

Athenian Shipbrokers SA Ship Recycling Weekly Report

It was another incredibly firm showing from the sub-continent markets this week, particularly Bangladesh and even a recently resurgent India (who now seem to be competing even more on tonnage), whilst Pakistan misses out on units once again, largely behind on the numbers due to local concerns surrounding the impact of the ongoing war in Ukraine. Except China, local steel plate prices have made some impressive gains across the board in the top recycling international destinations this week, especially in India and Bangladesh. As a result, Alang Buyers have managed ...

Ship Recycling sector is experiencing a shortage of tonnage as many owners are reconsidering their decision

Athenian Shipbrokers SA Ship Recycling Weekly Report

Sub-continent markets remain firmly poised for another week, particularly in Bangladesh and a now resurgent India. Pakistan, as seems to be typical for the market there, has gone quiet over much of the international uncertainty surrounding the possible outcome of the recent Russian invasion of Ukraine. Bangladeshi Buyers have in turn, ramped up their buying and price offerings, mindful of the fact that some increased oil / gas prices due to the unfolding crisis in Ukraine, in addition to the inevitable sanctions that may starve Ship Recyclers of a supply ...

A pandemic followed by a war; the volatility being experienced throughout the world is clearly reflected in the prices of everything under the sun

Athenian Shipbrokers SA Ship Recycling Weekly Report

Another promising week passed in the sub-continent markets this week, with resurgent Pakistani and Bangladeshi (in particular) markets putting down some show stopping numbers on available units. We have seen several Capes sold for HKC recycling in the mid USD 600s/LDT in recent weeks, especially as chartering rates in this sector have taken a bit of a dip. Tankers keep being introduced into the recycling markets and several deals have reportedly been concluded at levels in excess of USD 650/LT LDT in Bangladesh, as the Chattogram market heats up to ...

Ship recycling market is experiencing a comparatively better inflow of tonnage than previous week due to a slight drop in sea freight

Athenian Shipbrokers SA Ship Recycling Weekly Report

Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part. Demand remains rampant and capacity at yards remains open for any available tonnage (market or otherwise), leading to bidding wars on any of the marginal number of choice units hitting the recycling markets. L/Cs are of continuing concern across the sub-continent destinations, and it is becoming increasingly important / urgent for industry players ...