GMS Week 45 – Bids Hold Fast Against the Tide

AI Summary

Ship recycling market indications held steady across four markets despite falling crude oil and weaker domestic steel prices. Buying appetite, especially in Bangladesh, remains healthy, but a shortage of available vessels is limiting activity.

Last week’s improving recycling sentiment has encountered a changing international backdrop. Crude oil has retreated sharply, domestic steel prices have weakened across several destinations, and freight continues to fluctuate. Yet recycling indications remain unchanged across all four markets. Buying appetite remains healthy, particularly in Bangladesh, although the persistent shortage of available candidates continues to prevent ...