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...
March 7th, 20190The first report of the Ship Recycling Transparency Initiative (SRTI) was launched at TradeWinds’ Ship Recycling Forum 2019 in Hong Kong yesterday. Presenting data collected through a disclosure questionnaire circulated among shipowners as part of the Ship Recycling Transparency Initiative, the report indicates that there is a growing...
February 19th, 20190The ship recycling market is seeking price stability at present with some experts describing the current status as puzzling and sluggish. “The recycling market remains in what can only be described as very puzzling state, with brokers and cash buyers on the edge of their seats still waiting for the anticipated surge of new tonnage...
February 1st, 20190Turkey has ratified the IMO Hong Kong Convention for the safe and environmentally sound recycling of ships. The country is the first major shipbreaker to approve the legislation 10 years on from its launch. Turkey is the seventh nation to approve the treaty, but it will not be promulgated until 40% of the world’s tonnage approves...
January 31st, 20193Sinokor and Nordic American Tankers have been branded the world’s worst two “corporate dumpers” for their ship scrapping decisions last year. According to new data released by the NGO Shipbreaking Platform, 744 large ocean-going commercial vessels were sold to the scrap yards in 2018. Of these vessels, 518 were broken down on...
January 10th, 20190Calls are growing for Beijing to scrap its ban on importing ships for recycling. Effective January 1, China, the fourth largest shipbreaking nation in the world, has banned all foreign ships from coming to the Asian nation for recycling, one of many industrial measures on scrap products the Chinese government has taken in the past 18...
January 2nd, 20190GMS, the world’s largest cash buyer of ships for recycling, has revealed that there are now 76 yards in India that are compliant with the Hong Kong Convention (HKC) for safe and environmentally sound recycling of ships, including a growing number that have obtained their statement of compliance from various classification...
October 31st, 20180The supply/demand imbalance in the container shipping segment is worsening with Alphaliner reporting 2018 will mark the lowest level of boxship scrapping since 2008, despite a recent pickup in vessels heading for recycling yards. Alphaliner data shows that this year the container fleet will take on some 1.35m teu in new deliveries, up...
