Despite recycling a majority of tonnage annually, South Asian countries have been repeatedly questioned about the environmental viability of such activity. This is despite the fact that almost everything on an end-of-life and the ship itself is recycled and reused, which adds to the sustainability of our natural resources.
News ID: 78796 Publish Date : 2018/04/18
Drewry:
Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping , according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
News ID: 73890 Publish Date : 2017/05/13
After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates, says BIMCO market analysis of Dry Cargo.
News ID: 73649 Publish Date : 2017/04/28
Maersk sustainability, strategy and shared value projects head John Kornerup Bang has called on the group’s fellow shipowners to join it in helping to raise environmental, safety and social standards in India’s Alang ship recycling zone.
News ID: 73616 Publish Date : 2017/04/26
2017, Q1:
Demolition activity at Alang yards in the Indian state of Gujarat decreased by 34 percent from January to March 2017, according to NGO Shipbreaking Platform’s data.
News ID: 73495 Publish Date : 2017/04/19
Clarksons:
2016 was a busy year for global ship recycling, especially when it comes to boxships and bulkers. What is more, shipbreaking is expected to remain at elevated levels this year as well, bringing some ease to the shipping industry plagued by oversupply, according to Clarksons Research.
News ID: 72501 Publish Date : 2017/02/21
Euroseas looks to have scrapped a feeder containership less than one month after taking ownership of the vessel.
News ID: 71837 Publish Date : 2017/01/24
COSCO Shipping Holdings announced the disposal of eight containerships with an aggregate tonnage of 409,914 dwt over the fourth quarter of 2016.
News ID: 71828 Publish Date : 2017/01/24
Fearnleys Research Institute Published in its weekly report the performance of shipping industry in the last week with the focus on freight rates, newbuilding orders, sale and purchase transactions and demolition statistics.
News ID: 71776 Publish Date : 2017/01/22
A panamax containership delivered in January 2010 has reportedly been sent for scrap, according to shipbrokers.
News ID: 71511 Publish Date : 2017/01/11
higher 2017 tanker scrapping will result in positive 2018 in the global market.
News ID: 71020 Publish Date : 2016/12/30
Tanker owner and operator Frontline has secured a commitment for a senior secured term loan facility of up to USD 321.6 million in November to partially finance eight of its newbuildings.
News ID: 70797 Publish Date : 2016/12/11
Given the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners.
News ID: 70305 Publish Date : 2016/12/11
BIMCO:
Container ship scrapping has a hit record of over 500,000 teu with panamaxes accounting for nearly half that volume according to Bimco.
News ID: 70169 Publish Date : 2016/11/08
2017, Q1:
Precious Shipping managing director Khalid Hashim has warned that if scrapping of bulkers does not pick-up in Q4 the market could dip sharply in the first quarter of 2017.
News ID: 70107 Publish Date : 2016/11/09
After the Danish shipping company Maersk admitted to duplicity in vessel recycling, the NGO Shipbreaking Platform’s Executive Director Patrizia Heidegger has called on “the world’s leading ship owner to become a true leader for clean and safe ship recycling.”
News ID: 69649 Publish Date : 2016/10/22
VV:
VesselsValue.com (VV) calculated that as of August, roughly one in six merchant vessels worldwide were worth their demolition value – a reflection of the dire state of the offshore, dry bulk and container markets.
News ID: 68891 Publish Date : 2016/09/16
The coming into force of the Ballast Water Management (BWM) Convention on 8 September next year could see some tanker owners deciding to scrap vessels rather than shell out for expensive Ballast Water Treatment System (BWTS) retrofits.
News ID: 68833 Publish Date : 2016/09/14
Cosco announced it has recently scrapped five container ships for a total of RMB90m ($13.5m) to save fuel and meet the overall environmental friendliness of its fleet.
News ID: 68794 Publish Date : 2016/09/10
A total of 182, out of 212 end-of-life ships which were sold for breaking in the second quarter of 2016, ended up on the South Asian beaches, according to the data collected and analysed by the NGO Shipbreaking Platform.
News ID: 68180 Publish Date : 2016/08/14