Despite ALL major ship-recycling destinations registering gains in steel plate prices (in unison) and to varying degrees this week, the summer lull continues across the board, with nearly no fresh tonnage to work on and a majority of vessels mooted for a recycling sale (both from Ship Owners and Cash Buyers alike) being converted back to trading again, especially by a re-energized second-hand market.
For week 32 of 2022, GMS demo rankings / pricing for the week are
as below.
|
Demo
Rank |
Location |
Sentiment |
Dry
Bulk USD
/ LDT |
Tankers USD
/ LDT |
Containers USD
/ LDT |
|
1 |
Bangladesh |
Weak |
570 / (small) LDT |
580 / (small) LDT |
590 / (small) LDT |
|
2 |
India |
Weak |
560 / LDT |
570 / LDT |
580 / LDT |
|
3 |
Pakistan |
Weak |
550 / LDT |
560 / LDT |
570 / LDT |
|
4 |
Turkey |
Weak |
240 / LDT |
250 / LDT |
260 / LDT |
To read the remainder of the GMS WEEKLY, please visit https://gmsstagecdn.ams3.cdn.digitaloceanspaces.com/uploads_prod/weekly/Ship-recycling-market-insight-week-32-2022-Summer...Lull.pdf
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