The global ship recycling markets have been experiencing conflicting signals in recent weeks, with some regions reporting significant increases in demand and prices, while others face challenges due to geopolitical tensions and economic uncertainty. Cash buyer GMS reports that the momentum in the market was noticeable across the board, except for sub-continent steel plate prices, which remain a concern.
3% on the back of a strong performance by Capes, Panamaxes, and Supras, with oil futures also making significant gains. S.
Dollar's performance was affected by ongoing tariff threats against Canada, Europe, and Pakistan, leading to a decline in prices. Despite these challenges, ship recycling markets have seen surges in demand from countries such as India, Pakistan, Bangladesh, and Turkey, which are securing long-overdue tonnage.
However, the performances of various dry indices suggest that supply may slow further down as we head into the traditionally quieter Chinese New Year period and warmer months. On a positive note, another yard in Gadani has received its first Hong Kong Convention approval after significant investment and infrastructure upgrades.
The market rankings and pricing for week 5 of 2026 are expected to be influenced by these factors, making it essential to stay informed about the latest developments in the global ship recycling markets.