GMS Weekly Podcast | Week 50 Ship Recycling Market Update (Dec 12, 2025): “December Downers”, BDI -4%, Oil $57.61
GMS Podcasts15 Joulu 2025

GMS Weekly Podcast | Week 50 Ship Recycling Market Update (Dec 12, 2025): “December Downers”, BDI -4%, Oil $57.61

In this Week 50 edition of the GMS Weekly Podcast, Grace and Ryan break down the latest ship recycling / demolition market developments across Bangladesh, India, Pakistan, and Turkey.

Week 50 delivers “December Downers” as sentiment weakens into year-end: the Baltic Dry Index (BDI) slips nearly 4% (with Capes down 5.6%), and oil retreats over 3% to around $57.61/bbl. A strong U.S. Dollar, softer local steel plate prices, and limited tonnage continue to pressure bids—pushing many sub-continent indications toward $400/LDT and below.

Bangladesh remains top-ranked but faces declining fundamentals—local plate prices drop about $9/ton into the high-$490s, and political risk rises with elections confirmed for Feb 12, 2026. India (Alang) stays the weakest as steel levels ease to roughly $377/ton, and the INR hits around 90.50 to the Dollar. Pakistan (Gadani) remains quiet despite ongoing Hong Kong Convention (HKC) progress; inflation sits near 6.1%, plate levels around $575/ton, and the PKR near 280.35. Turkey (Aliaga) is stable but slow, with the TRY near 42.70.

Indicative price levels this week (USD/LDT): Bangladesh 410 / 430 / 440 (Bulker / Tanker / Container) Pakistan 400 / 420 / 430 India 380 / 400 / 410 Turkey 270 / 280 / 290

For the full report, rankings, and port positions, download the GMS Weekly via the GMS App or our website. Follow GMS on LinkedIn and social media for daily ship recycling market updates.

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