The scrap price for vessels, like any other commodity, fluctuates by the forces of demand and supply. The demand for scrap is driven by around 300 recycling yards. The supply side of the market is driven by a combination of oil prices, freight/charter rates and aging profile of the vessel, which will determine the viability of operating vessels for scrapping purposes.
The recycling market is actively supported by a specialist ship brokers who issue “in-house” market reports and keep buyers and sellers aware of the current scrap steel price levels and who actively match buyers and sellers.
SinoSila maintains well-established affiliations international purchase demolition companies in order to support its principals who need to be informed of market developments.
With a direct and successful relationship with all major demolition cash buyers, SinoSila is able to offer its clients a service to recycle their vessels in all major recycling geographic locations including India, Bangladesh, Pakistan, Turkey and China.
Any size or type of vessel can be recycled and our team of brokers work directly with cash buyers to take delivery of vessels either ‘as is, where is’ basis whereby an owner can sell/deliver their vessel at her current location or on a ‘delivered basis’ whereby an owner will deliver their vessel to her final beaching port under their ownership.
We are confident that our pricing for the aforementioned services is the most competitive in the market.