Although the beginning of panic until 2025 that experienced a real recycled tonnage return in the offer table, SNP activity crossed Global ship recycling spectrum subsided further this week when the Chinese New Year holidays descended into the world. This is “Snake Year” and is expected to be far more busy than in previous years, with a record of low supply volumes and the next inertia which eventually caused the closure of YARD in all goals of recycling the main global Global Main Global Global Global Global in 2024. Even so, the supply becomes unsustainable, this may put further pressure on the recycled market and eventually affect the ship owner on the telephone, which then will not have the choice but to bite the bullet to chase the price decline in the market. So far, India & Bangladesh has carried the increasing number of ships since October 2024, when recycling Pakistan all disappeared from the offer table behind the ongoing domestic financial crisis. However, the Gang Gang Gang now wants to return to the game once again, when the ships are dry bulk (Panamax and Bulkers that are useful locally) and the LNG tanker has become a sense of sustainable recycling this year (see the port report below), with The container that is expected to be further on the road given this new traffic easing in the Red Sea Delivery Line. However, on a global scale, everything is not good with the proverb “Autumn Awakening” seems to take place as a Trump presidential tariff up to 25% in Mexico and Canada + an additional 10% for Canadian energy exports and 10% blanket tariffs in China which will begin to take effect on 4 February, has seen the global economy reacting and Canadian & Mexican leaders promise counter dances about American exports.
The Baltic Dry Bulk Index also obtains soil as a rate in all categories of dry bulk shows the signs of the positive / improvement this week, which may still be too late for most trade units that are still forced to reconsider their direct future. Making problems for inflation and global economy is the future of oil which is expected to surge and even reported to tighten this week because the level approaches USD 74/barrel once again, and week 6 is likely to be an important point of the 2025 global tariff war. The US dollar, which although it seems to have made small repairs to most of the country’s currency that recycled the wishes of the future tariffs, which even produced steel plate prices in all countries recycled by ships, except India where it was expected, they refused. The emergence of recycled traffic has also seen a number of extraordinary LDTs in India & Bangladesh this week, and this does not only happen in the middle of the supply of a decrease that has been cooled with up to 30/LDT during January, but also from several recycling (in Bangladesh & Pakistan) which is quite financially safe even to be at the table and drop offers.
Tariffs in Chinese steel are the main concern for the sub-brown recycling market and when China has begun to dispose of post-arguing steel surplus, it will be an important factor in the demand and price of ships for the majority of this year. Finally, Turkey at the far end is familiar with the theme “catastrophic” because even though the price of their plates remains relatively unchange . It feels like 2008.
For the 5th week of 2025, the market ranking / indication of the GMS ship is as below.
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Source: GMS, Inc. https://www.gmsinc.net/gms_new/index.php/web
