Alang, one of the largest ship breaking yards in the world and a major source of scrap in India, reported total 16 ships reached for breaching in last 15 days in the month of Oct’16.
Total 9 vessels, carrying 104,346 LDT are still waiting for breaching in this month and 1 vessel of 10,958 LDT is expected in near term.
Earlier in Sep’16, total 22 ships had arrived to Alang (Gujurat) for demolition compared to 21 ships in Aug’16.
Falling domestic steel price pull down ship breaking prices as well. MS Billet price plunge by INR 700-900/MT W-o-W. In line Ship breaking prices prices in a week have moved down by INR 100-400/MT and hovering in the range of INR 17,600-20,400/MT.
Global Market Price Scenario
Global ship breaking market was on negative side in week 42 as prices across the world moved down upto USD 20/lt Ldt for general and USD 10/lt Ldt for tanker cargoes. Meantime, India reported a marginal rise of USD 5/ldt in tanker prices.
Ship breaking prices in India, Bangladesh and Pakistan are assessed at USD 275/lt Ldt, USD 260/lt Ldt and USD 270/lt Ldt respectively for general cargo.
Global ship breaking prices (in USD/ltldt) in week 42
| Country | General Cargo | W-o-W | Tanker | W-o-W |
| India | 275 | -20 | 305 | +5 |
| Bangladesh | 260 | -30 | 290 | -10 |
| Pakistan | 270 | -20 | 300 | -10 |
| China | 190 | 0 | 200 | 0 |
| Turkey | 170 | -5 | 175 | -10 |
Leave a Reply