In the middle of all the ongoing static, many noise seems to originate (and getting louder) every week As a trade war that is politically infused among leading global forces, it continues to threaten the state of the world economy. The endless titrate-tat tariff that came into force this week from America and its allies continued to affect the shipping sector because it was not only the US dollar which eventually subsided against a large ship recycling ship, except (ironically) in Pakistan this week also continued and violated the record of other threats, but Russian attacks that were ongo Continued too. To see a decline and report another 3% decline even though Russia has suggested that OPEC+ countries will maintain oil output for a while. As a result, the tariff fell, and the oil ended the week at USD 67/barrel. In facing the decline in oil prices, the charter rates continue to rise as dried bulk carriers, robes and even the Panamax sector reported the increase in tariffs this week, which results in a lack of sustainable tonnage that is increasingly clear in the recent offer table. However, the position of the local port continues to report the arrival and healthy delivery of the sale of new fires that see both Bangladesh and the edge of the Indian sea ended again Sunday with a busy record.
Meanwhile, after a quiet week of unusual activities, the recycling market also became a drug into a state of global economic stasis because Q1 2025 proved itself somewhat from a turbulent time considering that more than USD 150/LDT has now been rolled up with landslides. Encourage the price of the ship down while inhibiting sentiment and aggression from the various goals of the ship’s recycling, even though there is a request everywhere pervasive in the lowest position. And although all the instructions of the price correction mushroomed from most markets, mainly because the price of local steel plates continues to react to the ongoing tariff, the ability to recycle ships to become aggressive is being limited to the continuous level of levels that continue to occur in February which will occur in February, when compared to the level that witnesses between February. And in the midst of increased geopolitical pressure, the sale of the ship’s recycling has slowed in such a way that most of the yard is now concentrating to recently recycle shipments, all while recycling Tier-2 is not actively waiting to take a new cheap agreement, helping demand remains floating even if the price remains slippery.
In Bangladesh, the increase in protests and political clashes reappeared, while India’s recycling failed to maintain the price path that led to a gradual approach to the Pakistani level, which itself (accidentally) made this market a more active touch lately and helped them enter the second place. Türkiye at the end of the end reported that there was no significant change even though there was a surprising sale this week. Overall, Yard recycled ships who wanted to continue their operation to improve their facilities ahead of the entry of the Hong Kong Convention (HKC) who behaved on June 26, 2025 because of changing documentary requirements and new formalities that needed to be handled.
For Sunday 10 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
