Weekly Demolition Reports

The ship recycling market remained under pressure this week, with most locations reporting limited activity and softer pricing.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-18-april-2025/

The volatility of the last few weeks still seems far from settled despite the 90-day tariff pause for various countries setting in and negotiations continuing in earnest to see just what can be bargained for or even salvaged at this point, in this increasingly fraught and unnecessary trade war...

https://www.hellenicshippingnews.com/gms-week-16-exploiting-extensions/

An extremely volatile week of tariff announcements, suspensions, mishandling of economic affairs and fluctuating markets has left Indian sub-continent ship recycling destinations on edge, fearful of the next moves by a seemingly irrational & aggressive Trump regime. Indeed, global stock markets...

https://www.hellenicshippingnews.com/gms-week-15-tariff-tainted/

The ship recycling market remained largely unchanged this week, with activity levels steady across key destinations and no major shifts in sentiment.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-11-april-2025/

As Trump’s massive gamble on tariff wars kicked into high gear over ‘Liberation Day’ this week, global stock markets took unkindly to the tariffs as they were decimated and fell over 10%, with over USD 3 Trillion being wiped out from investor pockets, as consumers globally have yet to see a...

https://www.hellenicshippingnews.com/gms-week-14-tariff-truffle/

The ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-04-april-2025/

As highlighted in last week’s edition of the GMS Weekly, the two VLCCs that have fallen afoul of USDN rules and become victims of OFAC sanctions remain stranded outside Bangladeshi waters with no prospects of a final resting place and this is now seeing cash buyers and ship recyclers being vigilant...

https://www.hellenicshippingnews.com/gms-week-13-confusion/