GMS Leadership

GMS Weekly – Week 25 (2020)

GMS Weekly – Week 25 (2020)

Market Commentary 29 May 2020 Source: GMS Leadership India’s plight deteriorated even further this week, with all vessels now being greeted with offers well below USD 300/LDT (for the first time since 2015). As such, many owners with HKC green vessels to sell have...

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GMS Weekly – Week 24 (2020)

GMS Weekly – Week 24 (2020)

Market Commentary 29 May 2020 Source: GMS Leadership As India starts to recede, perhaps fearful of an influx of tonnage, competing markets in Pakistan and Bangladesh are starting to improve once again. Indeed, with favorable budget announcements in both Pakistan and...

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GMS Weekly – Week 22 (2020)

GMS Weekly – Week 22 (2020)

Market Commentary 29 May 2020 Source: GMS Leadership As the Ramadan period / Eid holidays come to an end and June approaches around the corner, we are gradually starting to have some clarity on the phased and gradual market reopenings as the virus infection rates...

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GMS Weekly – Week 21 (2020)

GMS Weekly – Week 21 (2020)

Market Commentary 22 May 2020 Source: GMS Leadership Despite imminent talks of markets reopening soon, prices have displayed a generally negative spiral in the subcontinent markets this week, with end Buyers lowballing on any available units, including those vessels...

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GMS Weekly – Week 18 (2020)

GMS Weekly – Week 18 (2020)

Market Commentary 01 May 2020 Source: GMS Leadership This week, as lockdowns were once again extended at all subcontinent locations until May 15/16th, the toll on frustrated Ship Owners and Cash Buyers has started to tell. At present, there is no way to import fresh...

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GMS Weekly – Week 17 (2020)

GMS Weekly – Week 17 (2020)

Market Commentary 24 April 2020 Source: GMS Leadership As the number of Covid-19 cases continues to rise across the globe, the expected / enforced lockdowns across all subcontinent markets have been further extended until May 4th at least. However, there have...

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GMS Weekly – Week 16 (2020)

GMS Weekly – Week 16 (2020)

Market Commentary 17 April 2020 Source: GMS Leadership Lockdown restrictions continue across the subcontinent markets for yet another week, as the world battles to bring the Coronavirus crisis under control. India has extended its period of quarantine until May 3rd at...

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GMS Weekly – Week 14 (2020)

GMS Weekly – Week 14 (2020)

Market Commentary 03 April 2020 Source: GMS Leadership All of the major recycling locations remain under lockdown for yet another week as the Coronavirus pandemic spreads across the globe. Italy, Spain and the U.S. of A. are the present hotspots as cases and deaths...

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GMS Weekly – Week 13 (2020)

GMS Weekly – Week 13 (2020)

Market Commentary 27 March 2020 Source: GMS Leadership All subcontinent recycling locations have gone into a complete lockdown this week, as the Coronavirus wreaks its devastating damage across the globe. In India, Prime Minister Modi has ordered the entire population...

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GMS Weekly – Week 12 (2020)

GMS Weekly – Week 12 (2020)

Market Commentary 20 March 2020 Source: GMS Leadership Pandemonium has been sweeping across the globe this week, as an increasing number of ports worldwide have reported shut downs, quarantines on incoming crew are being imposed at those that are still open for...

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