19/12/2025
Ship Demolition Price – Week 50 of 2025 by ATHENIAN
SHIPBROKERS and SMTC , Date from 08.12.2025 to 14.12.2025
Week 50 08.12.2025 – 14.12.2025
A Storm Hits Ship Recycling Markets
As 2025 draws to a close, global markets across various sectors continue to suffer severe repercussions, leaving the final months with a clear mark on the ship recycling agenda. Inflation has resurfaced, steel plate prices collapsed at a critical time, while the U.S. dollar keeps pressuring the currencies of ship recycling nations, amid a sharp decline in freight rates and oil futures during the fiftieth week of the year.
- Market Indicators: Broad Decline
• Baltic Dry Index (BDI): Fell by 4% to its lowest monthly level, driven by a 5.6% drop in Capesize vessels, followed by a 2.1% decline in Panamax vessels.
• Oil Prices: Futures failed to reach the anticipated $60 per barrel, closing at $57.61 with a 3% drop, amid global concerns of “excessive oversupply” according to International Energy Agency reports.
- Recycling Yards in the Indian Subcontinent
Local markets witnessed a sharp fall in steel plate prices, impacted by weaker local currencies against the dollar and declining oil prices.
• Price Collapse: After exceeding $600 per ton in January 2024, prices fell below $400 per ton by the end of 2025 across most yards in the Indian subcontinent.
- Bangladesh: Domestic Turmoil and Price Decline
Despite receiving several “green ships” at low prices, the Bangladeshi market entered a downward trajectory due to successive deliveries. The crisis deepened with rising domestic unrest ahead of final election announcements, pushing the local market further into decline alongside India and Pakistan.
- Turkey: Market Improvement
Unlike the subcontinent, the Turkish market rose compared to last week, showing improved prices and stronger sentiment during the period.
- Year-End Summary
The year 2025 proved to be difficult and disappointing for the recycling sector, as scarce supply combined with collapsing prices created a dual crisis. With the holiday season approaching, the industry now has an opportunity to reassess and prepare for the challenges of 2026.
Note: This analysis was prepared based on available global market data, with the added perspective of Ship Marine Trading Club.
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