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Take a look below at our Demolition Weekly Market Reports for Week 24 of 2019 (listed alphabetically):
Week 24 2019 (10th June – 14th June)
DEMOLITION QUICK UPDATE
Last week the whole sub-cont. market faced a crisis, as all recycling markets faced negative deviations, during an already low monsoon season which affects beachings. As the budget was announced this week, buyers in Bangladesh were still hesitant and sceptic as to what was imposed in the recycling industry and plots were virtually empty. Pakistan once again had its currency depreciate this week, totalling roughly a 24% decrease from last year’s figures, and for one more week had its recycling plots unoccupied. India this week saw a tremendous decrease in steel prices after the excitement of…..
Source: Athenian ShipBrokers