Tag: GMS

According to GMS’ latest weekly ship-recycling report, Indian sub-continent ship recycling markets enjoyed a ‘greater than expected’ degree of a post-Ramadan resurgence as vessel prices across the various destinations seemed to have concurrently enjoyed varying degrees of an uptick this week.

According to GMS’ latest weekly ship-recycling report, with Q1 2024 now in the rear-view mirror, 3 weeks of the Holy month of Ramadan behind us, and Eid holidays (marking the end of the holy month) set to commence next week across much of the world, it was certainly another quiet week in terms of sales and activity across the ship recycling globe.

According to GMS’ latest weekly ship-recycling report, whilst various port positions remained thinned out across the Indian sub-continent ship recycling waterfronts over recent weeks, many of the tired old complaints about poor & adverse market conditions (particularly in India) or those of an extremely malnutritioned spread of recycling tonnage that remains available for sale, continue to fall on deaf ears.

According to GMS’ latest weekly ship-recycling report, despite the occasional small(er) LDT candidate popping up for sale over recent weeks, there regrettably remains the ongoing scarcity of tonnage that is simply unable to fill the most basic of demands at the major ship-recycling destinations.

According to GMS’s latest weekly ship-recycling report, the ongoing & seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi & Pakistani ship recycling markets steady on the one hand.

According to GMS’s latest weekly ship-recycling report, it has remained a tranquilized week for the ship recycling market since their last report. 

According to GMS’s latest weekly ship-recycling report, as freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in.

According to GMS’s latest weekly ship-recycling report, in spite of Chinese New Year holidays having concluded over a week ago, the ongoing & unending lethargy that is permeating through global ship recycling markets is now being exclusively driven by the relentless & futile shortage of tonnage that is expected to continue until Spring.

According to GMS's latest weekly ship-recycling report, despite Chinese New Year Holidays, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, resulting in another dry and dreary week of market inactivity and silence across all recycling destinations.

On its latest weekly ship-recycling report, GMS finds that, despite the Pakistani & Bangladeshi markets stabilizing & displaying a far greater aggression at the bidding tables over the last 5 weeks (that too at ever improving rates), in addition to the long awaited Chinese New Year holidays that have finally descended across the world, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated.