World's leading cash buyer of ships for recycling GMS said that “The sub continent recycling markets seem to be traversing an undecided phase, where steel plate price volatility has been the key driving force behind the recent shakiness in the markets. This week, while Indian plate prices made some incredible gains as the week ended, both Pakistan and Bangladesh have reported declines of their own, whilst the Turkish market at the far end, wound up the week with a small improvement of their own.”GMS said “We continue to see wet tonnage being proposed into the various markets, but no market sales have reportedly been confirmed yet, on the back of wavering levels from the market leaders (i.e. Bangladesh and Pakistan), where Owners are still trying to conclude units at last week’s levels.”GMS added “As such, it has been a quieter overall week in the industry.”GMS PricingIndia/Bangladesh/Pakistan – Week 40, UnchangedDry Bulk – USD 560-590 per LDTTankers - USD 570-600 per LDTContainers - USD 580-610 per LDT The GMS Weekly Ship Recycling Report marked an incredible milestone as it celebrates its 1,000th issue last week
World's leading cash buyer of ships for recycling GMS said that “The sub continent recycling markets seem to be traversing an undecided phase, where steel plate price volatility has been the key driving force behind the recent shakiness in the markets. This week, while Indian plate prices made some incredible gains as the week ended, both Pakistan and Bangladesh have reported declines of their own, whilst the Turkish market at the far end, wound up the week with a small improvement of their own.”GMS said “We continue to see wet tonnage being proposed into the various markets, but no market sales have reportedly been confirmed yet, on the back of wavering levels from the market leaders (i.e. Bangladesh and Pakistan), where Owners are still trying to conclude units at last week’s levels.”GMS added “As such, it has been a quieter overall week in the industry.”GMS PricingIndia/Bangladesh/Pakistan – Week 40, UnchangedDry Bulk – USD 560-590 per LDTTankers - USD 570-600 per LDTContainers - USD 580-610 per LDT The GMS Weekly Ship Recycling Report marked an incredible milestone as it celebrates its 1,000th issue last week
