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Take a look below at our Demolition Weekly Market Reports for Week 51 of 2017 (listed alphabetically):
Week 51 2017 (18th December – 22nd December)
DEMOLITION QUICK UPDATE
With the holiday season in full swing, last week saw the demolition market quieten down in terms of activity. The Bangladeshi market remained stagnated with no considerable alterations in terms of pricing and fundamentals. In India however local buyers appeared to take advantage of the betterment of local steel plate value and currency leading to a few high-profile reported sales. In Pakistan the hard times continued as the deterioration of local currency pressed the market…..
Source: Athenian ShipBrokers
22nd December 2017 – Volume 184 Issue 806 – Week 51
GOOD CHEER SPREADS!
As the holiday season approaches and Ship Owners and Brokers take time off to spend with their loved ones, an imminently quieter few weeks ahead are perhaps rather welcomed, given what have been a frantic few weeks of recycling activity, with much of the (recycling) focus falling on the wet and offshore sectors of late.
Moreover, even though the markets recently witnessed a flurry of early-to-mid 90s built Capesize bulker sales from the Korean market (ones that were coming off government charters and being sold for scrap), it has been remarkably quiet on the dry (and container) recycling fronts this year as freight rates in both these sectors have made decent recoveries.
Source: GMS Leadership