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Take a look below at our Demolition Weekly Market Reports for Week 18 of 2019 (listed alphabetically):
Week 18 2019 (29th April – 03rd May)
DEMOLITION QUICK UPDATE
During the previous week most of the sub-cont. Indicative Demolition Prices
recycling markets saw some signs of slowing down due to the monsoon and cyclone season and the respective decline they bring to activity. Bangladesh remained the top recycler but Buyers remained hesitant due to the upcoming budgeting advancements. India experienced an uninspiring week due to weather conditions and political developments despite the improvement in currency and steel prices. Lastly, Pakistan was for one more week unable to…..
Source: Athenian ShipBrokers
03rd May 2018 – Volume 201 Issue 876 – Week 18
Activity seems to be slowing this week as the cut-off date for the budget in Bangladesh and the incoming monsoon season seem to overall hamper End Buyer offers and have considerably curtailed demand for later deliveries.
Indeed, the weather has already started to take a turn for the worse as cyclone Fani batters the East Indian & Bangladeshi coasts this week. Moreover, towage jobs will struggle to be approved from a Marine Warranty Surveyor / insurance perspective. So inevitably, there will be the much-expected slowdown in supply for vessels arriving into the subcontinent.
Also, during the seemingly unending rains of the monsoon season, many laborers return to their home towns as production on the yards slows due to the constant rains (hampering cutting / recycling activities), as much of the tonnage imported during the first half of the year gets gradually absorbed into the respective local market.
Source: GMS Leadership