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Take a look below at our Demolition Weekly Market Reports for Week 24 of 2017 (listed alphabetically):
Week 25 2017 (19th June – 23rd June)
DEMOLITION QUICK UPDATE
Demolition activity in the sub-continent remained stable, with some positive sentiment starting to creep back into the market as the holy month of Ramadan is coming to an end. India’s domestic price of steel illustrated again a downward trend displaying its volatile nature, while in Bangladesh expectations remained high but cautious, as the local shipbreakers association is reportedly trying to cancel or postpone the levies / taxes imposed on imported vessels. The Far Eastern market remained more or less stable as breakers…..
Source: Athenian ShipBrokers
23rd June 2017 – Volume 178 Issue 780 – Week 25
GLIMMER OF HOPE!
As Eid holidays descend across the sub-continent, a glimmer of hope arose on the back of news of a decisive meeting to be held on June 29th, between the Bangladesh Shipbreakers Association (BSBA) and the Bangladeshi Finance Ministry where it is expected that the punitive taxes imposed on the Bangladeshi ship-recycling sector via the budget of June 1st, may finally be overturned.
On the heels of this rumor, one high profile and high priced sale of an aframax tanker (gas free for hot works clean) was immediately concluded into Bangladesh as certain…..
Source: GMS Leadership