December 4th, 20191Ships sent for scrap cannot then resurface trading again, a landmark court case has ruled. The Kenneth Koo-led Tai Chong Cheang (TCC) Group took Anil Sharma’s GMS, the world’s largest cash buyer of ships for recycling, to court after one of its capes it had sold for demolition only was found to be trading via GMS’s shipowning...
November 21st, 20190New Delhi on Wednesday approved India’s accession to the Hong Kong Convention for ship recycling, becoming the first of the major south Asian breaking nations to do so. "By this accession to the Hong Kong International convention, we are bringing in global best practices and we are not becoming a backyard of all rejected ships, but...
September 12th, 20191With the death toll at Bangladesh’s shipbreaking yards showing no sign of abating, a local trade union has presented the government with an urgent 10-point demand to improve safety in what is the most dangerous shipping-related profession on the planet. The demands include investigating shipbreaking accidents and holding the yard...
September 2nd, 20190Two workers were killed and three others injured after a cable attached to a ship collapsed on them at a shipbreaking yard at Sitakunda in Bangladesh on Saturday evening. The accident happened at the Ziri Subedar shipbreaking yard and is the latest in a series of deaths at Bangladeshi yards this year. On July 31, three workers died...
July 30th, 20190Demo rates are on the slide, having dropped by more than $100 per ldt over the last six weeks to fall well below the $400 mark as the monsoon period kicks in across the South Asia. “Markets across the subcontinent continue to endure a rough ride over the summer months and there is virtually no good news over the recent past that...
June 17th, 20190Bunge, a giant agribusiness shipper, has become the first in its industry to join the Ship Recycling Transparency Initiative (SRTI), a coalition aimed at increasing transparency to create a new norm for responsible ship recycling. The SRTI uses an online platform to gather information from shipowners on key disclosures related to...
May 29th, 20190The Asian Shipowners’ Association (ASA) has called on China and India to hurry up and ratify the Hong Kong Convention on recycling. Holding its annual general meeting in Thailand yesterday, the ASA stated in a communique that the convention is the only effective measure to regulate environmentally-sound recycling of ships...
May 23rd, 20191A very young boxship has been sent for scrap. The , a Chinese-built, nine-year-old boxship, has arrived at Chittagong’s anchorage, according to MarineTraffic, awaiting to be broken up. The 5,086 teu ship is one of the youngest container vessels to have been sent for early retirement. The ship was acquired from Hamburger Lloyd four...
May 23rd, 20190Japanese shipyard giant Tsuneishi’s long-held plans to develop a ship recycling site in the Philippines have been put on hold, with local politicians on the island of Negros in the middle of the archipelago unable to get the necessary clearance for the facility. Tsuneishi, which has a shipbuilding yard on the neighbouring island of...
May 21st, 20190Panagiotis Galanis, aged 14, is a grade nine student at the Hellenic-American Educational Foundation. He writes exclusively for Splash on what he took away from a recent visit to a ship recycling facility in Turkey. On April 22, 1970, millions of people took to the streets to protest the negative impacts of 150 years of industrial...
