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GMS Week 21 – STRANGE SUMMER! 

May 26, 2024 / Weekly demolition reports

GMS Week 21 – STRANGE SUMMER! 

As the summer / monsoon months creep closer, ship recycling markets in Turkey and the Indian sub-continent have been firming over recent weeks, as Pakistan, though still relatively firm, feels sluggishly satiated of late having taken in a healthy collection of vessels / LDT (for this market’s size) and despite having bested last year’s recycling […]

GMS Week 20 – SILENT STABILITY! 

May 20, 2024 / Weekly demolition reports

GMS Week 20 – SILENT STABILITY! 

Following on from last week’s unexpected shock via the intentional depreciation in the value of the Bangladeshi Taka, it has been an altogether quieter week of sales and activity in the country as domestic ship recyclers weigh in on the potential costs & implications of further depreciations, given that the Taka slipped further into BDT […]

Best Oasis Weekly Recycling Market Report, 17 May 2024 

May 17, 2024 / Weekly demolition reports

Best Oasis Weekly Recycling Market Report, 17 May 2024 

This week, the ship recycling industry across four major destinations showed varying trends. In India, market conditions remained strong with increasing booking prices and robust steel demand   Source: Best Oasis Limited This week, the ship recycling industry across four major destinations showed varying trends. In India, market conditions remained strong with increasing booking prices and […]

GMS Week 19 – TAKA TöT*? 

May 13, 2024 / Weekly demolition reports

GMS Week 19 – TAKA TöT*? 

Towards the end of the working week, the Bangladeshi Taka took the centerfold as it crashed by about 6.4% against the U.S. Dollar in a couple of days. This jump was certainly expected, in that, a measured BDT 7 devaluing of the Taka against the U.S. Dollar was previously agreed to in the ‘terms and […]

Best Oasis Weekly Recycling Market Report, 03 May 2024 

May 7, 2024 / Weekly demolition reports

Best Oasis Weekly Recycling Market Report, 03 May 2024 

India’s ship recycling market is improving, driven by robust local demand anticipated to maintain favorable conditions this month. Bangladesh’s market is stable but slightly declining.   Source: Best Oasis Limited India’s ship recycling market is improving, driven by robust local demand anticipated to maintain favorable conditions this month. Bangladesh’s market is stable but slightly declining.   […]

GMS Week 18 – DEAD ALIVE!!! 

May 7, 2024 / Weekly demolition reports

GMS Week 18 – DEAD ALIVE!!! 

Activity across the Indian sub-continent ship recycling markets has been climbing on the back of recently witnessed agitations in the trading lanes, which continue to ramp up with each passing week as a growing number of Ship Owners are biting the recycling bullet & selling their overaged but still trading vessels. Containers have been the […]

GMS Week 17 – CROP OF CORROSION! 

April 29, 2024 / Weekly demolition reports

GMS Week 17 – CROP OF CORROSION! 

On the back of freight markets that are finally facing their first set of 2024 jitters, the industry is gradually witnessing an increasing number of units being proposed for a recycling sale, all of which are being confirmed via the sudden influx of tonnage at the Indian and Bangladeshi waterfronts this week, just as the […]

GMS Week 16 – VERSIONS OF VOLATILITY! 

April 21, 2024 / Weekly demolition reports

GMS Week 16 – VERSIONS OF VOLATILITY! 

This week, various holidays concluded across the globe just as Indian sub-continent ship recycling markets started to perk up amidst fundamentals that have independently enjoyed varying degrees of volatility and resurgence over recent weeks. In fact, steel plate prices in Bangladesh & Pakistan remained flatlined at respectively firm levels – the effects of which has […]