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The current market sentiment is pointing towards more ship recycling activity moving forward. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the firming rates being witnessed in the recycling market is starting to gain attraction for some ship owners as we are now hearing of several more sales being concluded, as evidenced ...
Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part. Demand remains rampant and capacity at yards remains open for any available tonnage (market or otherwise), leading to ...
GMS Week 51 – ALL CHANGE! After a surge that saw the Bangladeshi market rise too fast too soon, in addition to some steady progress made from the firming Pakistani and Indian markets, sub-continent destinations seem to have finally settled down a touch, in the run up to Christmas / New Year’s. As such, it was no surprise to see Bangladesh sink to the bottom of the sub-continent price rankings this week, whilst India sits atop the pile and Pakistan is not too far behind in second. Meanwhile, the Turkish market has continued its upward trajectory in impressive form, with steel plate and imp...
Demolition Activity Picking Up Pace Demolition activity has picked up pace as the year draws to an end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the stability witnessed in the market this week has provided a much-needed backbone for Cash Buyers and brokers to work off. These levels are seemingly in tandem with the recyclers themselves who also feel bullish going into the Christmas and New Year period and remain confident that these levels are here to stay for the foreseeable future. With these firm rates being vocalised, Owners have been encouraged to explor...