Weekly Demolition Reports

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/

Ship recycling markets across South Asia and Türkiye remain subdued, with caution prevailing across the board.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-28-march-2025/

This week’s news was abuzz surrounding the two OFAC sanctioned VLCCs that recently arrived OPL Chattogram and are now stuck after undoubtedly risky transactions that have resulted in several failed onward resales to various Bangladeshi recyclers from the respective cash buyer, as both vessels have...

https://www.hellenicshippingnews.com/gms-week-12-usdn-uani-lists-ofac-sanctions/

The ship recycling markets across India, Bangladesh, Pakistan, and Türkiye continue to see limited movement and cautious sentiment.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-21-march-2025/

After what has certainly been a hectic January of negotiations and a late February / early March of unending deliveries with nearly 200K of LDT delivered in recent weeks, a period of calm reflection descended across Indian sub-continent ship recycling markets with an alarmingly minimal number of...

https://www.hellenicshippingnews.com/gms-week-11-splurging-end/

The ship recycling markets across India, Bangladesh, Pakistan, and Türkiye continue to face a mix of stagnation and cautious optimism   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-14-march-2025/

The market remained quiet, characterized by selective buying and overall cautious sentiments. India was still stagnant with weak demand   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-07-march-2025/

As chaos continues to churn across all the world, the incredibly deceptive nature of ship recycling has once again reared its head this week in the middle of amidst a dwindling of tonnage, where local port positions marked an impressive batch of arrivals of both tonnage and type at Indian and...

https://www.hellenicshippingnews.com/gms-week-09-dwindlingsurge/

This week, the ship recycling market remained in a state of stagnation across all major destinations, with no significant developments impacting pricing or demand.   Source: Best Oasis Limited

https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-28-february-2025/