December 6, 2018

Scrap Prices Took A Plunge

In its quarterly report, environmental organization Robin Des Bois only noticed two ro-ro vessels that were sent to the scrapyard between 1 July and 30 September 2018.

ASSTAR TRABZON ex LIDER SAFAK, ex CATUMBELA RIVER, ex IVAN GORTHON, ex BRAVIK built in 1974 in Kiel for Rederi Ab Kihlship, Gotenburg.

GUZELYURT ex KANTARA, ex SALAMIS, ex CENK K, ex SALIH TOPAL, ex DENA I, ex ALPILLES, ex HANSA built in 1969 in Hamburg

440 USD is the average price per ton in the Indian subcontinent at the end of the quarter. The decline at the beginning of the quarter slowed down sales; shipowners and brokers have been waiting for better days. In Turkey, the fall of the lira in August led to a fall in purchase prices down to circa 230 USD; they are recovering at the end of the quarter.