- Inflation rises in Turkey and Pakistan, currencies back on scary charts.
- Oil slips to $60 per barrel, nearly 20% lower than last year.
- Capesize, Panamax, and Supramax indices continue downward trend.
Inflation has shot up in both Turkey and Pakistan as we head into September, creating a backdrop for what might be a spooky October in these areas. The currencies have also returned to what GMS refers to as the scary charts, reports Marine Link.
Oil Prices and Freight Indices Take a Hit
Oil prices have dipped to around $60 per barrel, which is nearly 20% lower than this time last year. At the same time, key freight indices, Capesize, Panamax, and Supramax, all saw a downward trend last week, according to GMS.
Sub-Continent Recycling Markets Under Pressure
“Indian sub-continent ship recycling destinations did not escape the incoming dark of the month,” GMS reported. Nearly all markets recorded fewer arrivals at their respective anchorages, as recyclers continue searching for a “lift me” moment after what has been an unexpectedly tough 2025.
The report adds, “Indeed, this has turned out to be one of the slowest years for ship recycling in over a decade – and it’s still not over!”
GMS Demo Rankings and Prices (Week 40, 2025)
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Pakistan – Sentiment: Steady
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Dry Bulk: USD 420/LDT
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Tankers: USD 440/LDT
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Containers: USD 450/LDT
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India – Sentiment: Weak
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Dry Bulk: USD 410/LDT
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Tankers: USD 430/LDT
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Containers: USD 440/LDT
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Bangladesh – Sentiment: Weak
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Dry Bulk: USD 400/LDT
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Tankers: USD 420/LDT
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Containers: USD 430/LDT
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Turkey – Sentiment: Weak
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Dry Bulk: USD 250/LDT
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Tankers: USD 260/LDT
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Containers: USD 270/LDT
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Source: Marine Link
