GDSA Weekly Demolition Market Analysis for Week 29 of 2011:

Week Ending: 22 July 2011 (Week 29, Report No: 29/11)

This week the demolition market has been more active by 33% comparing to last week’s activity, with 24 vessels heading to the scrapyards of a total deadweight of 707,646 tons.

Again this week despite the increase in terms of number of units sold for scrap, the total deadweight is by 16.7% lower than last week.

The most popular destinations with the information revealed were India and China attracting 25% and 16.6% respectively of the activity, while for 50% of the reported deals the destination remains unknown.

Demolition Market Summary for Week 29:

Ship Types	Units	In DWT
Bulkcarriers	6	339.208
Tankers	5	50.169
Gas Tankers	0	0
Liners	4	161.204
Containers	3	73.182
Reefers	0	0
Passenger/ Cruise	0	0
Ro - Ro	5	81.868
Car Carrier	0	0
Combined	0	0
Special Projects	1	2.015
Total	24	707.646

Source: Hellenic Shipping News (Sourced from Golden Destiny). 22 July 2011

http://download.hellenicshippingnews.com/pdf/golden/wk29%20WEEKLY%20S&P%20SECONDHAND_DEMOLITION_NEWBUILDING%20ANALYSIS.pdf

http://download.hellenicshippingnews.com/pdf/golden/wk29.pdf