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Take a look below at our Demolition Weekly Market Reports for Week 23 of 2017 (listed alphabetically):
Week 23 2017 (05th June – 09th June)
DEMOLITION QUICK UPDATE
The sub-continent markets continued to be in a state of uncertainty, with Bangladeshi and Pakistani buyers still trying to absorb the recent budgetary announcements which included unfavourable levies on imported vessels. The Bangladeshi Shipbreakers Association is reportedly trying to overturn the imposition of such dues, however until such move proves to be successful one cannot expect a radical change in a market sentiment that appears to have entered its seasonal low phase. In the Far East, Chinese…..
Source: Athenian ShipBrokers
09th June 2017 – Volume 178 Issue 778 – Week 23
IN THE DOLDRUMS!
The recent appeal by the Bangladesh Shipbreakers Association (BSBA) to reverse the hefty duties and taxes announced in the budget of June 1 st has yet to succeed. As such, it has been another negative week of pricing and overall sentiments across all Indian sub-continent ship-recycling destinations. A certain degree of the muted tone in the market could also be attributed in part, to the ongoing Holy Month of Ramadan and the traditionally quieter…..
Source: GMS Leadership