Demolition Reports – Week 52 (2019)

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Take a look below at our Demolition Weekly Market Reports for Week 52 of 2019 (listed alphabetically):

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GMS Leadeship

27th December 2019 – Volume 208 Issue 910 – Week 52

FACING THE MUSIC!

As 2019 closes and the watershed year of 2020 comes into view with the increased price of low Sulphur fuel (or installation of scrubbers) that is set to affect the bottom lines and OPEX rates of Ship Owners the world over, it is set to be a busy few years ahead for the various ship recycling destinations. That we have yet to see an increase in scrap tonnage, says much about the improved freight rates witnessed across all sectors over the course of this year.

However, as we inch closer towards the end of 2019, it has been evident that an increased flow of tonnage for recycling could start to hit the market,  with many owners fearful of what lies beyond January 1st, 2020, particularly for their older vessels that are unlikely to pass drydock
or special surveys.

Meanwhile, after the peaks seen well into and above the mid USD 400s/LDT in the first half of the year and a subsequently turbulent mid-year that saw prices drop by about USD 
100/LDT, subcontinent recycling markets have maintained an overall positive footing.

Source: GMS Leadership

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