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Take a look below at our Demolition Weekly Market Reports for Week 15 of 2019 (listed alphabetically):
Week 15 2019 (08th April – 12th April)
DEMOLITION QUICK UPDATE
The last week saw some improvements in the sub-cont. recycling markets before the monsoon season. Bangladesh recyclers are keen to provide higher prices and attract as many beachings as possible because there is uncertainty on the horizon. In India despite the slight volatility displayed, it was a rather positive week with increased activity as a couple of reported sales suggest. On the other hand…..
Source: Athenian ShipBrokers
12th April 2018 – Volume 200 Issue 873 – Week 15
Some frantic buying ensued this week as the upcoming monsoon season and annual budgets begin to close in across the various subcontinent locations, both of which are expected within the next 4 – 6 weeks or so.
Once again, Bangladesh is leading the way with most of the buying, particularly for a majority of the large LDT Capesize bulkers, VLOCs and containers on offer. However, there have also been some interesting sales into India, particularly one container vessel that was sold for a massive USD 480/LDT this week!
Pakistan has also been creeping up of late as demand grows markedly following over six months of excruciatingly inert buying. However, local offerings still remain among the lowest across the subcontinent, even though there are signs of life starting to emerge once again.
Source: GMS Leadership