Shipbreaking
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Asia
Maritime CEO Forum: Sentimentality gets in the way of the blowtorch
If owners can be rational for once then they can enjoy some good times in the coming couple of years.…
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Shipyards
Ship recycling transparency initiative launched
A group of top shipowners have signed up to the Ship Recycling Transparency Initiative in a bid to crack down…
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Asia
80% of ships sent for scrap last year ended up on the beaches of the Indian subcontinent
Four in five ships scrapped last year were on the beaches of the Indian Sub-Continent, a statistic one NGO has…
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Europe
Seatrade execs face prison and fines over botched ship scrapping
Six officials working for Dutch reefer firm Seatrade will appear at a court in Rotterdam today, charged with sending old…
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Containers
Hapag-Lloyd scraps seven more boxships
Following its acquisition last year of Middle Eastern line UASC, Germany’s Hapag-Lloyd has moved to lower its average fleet age…
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Asia
Parliament votes for massive overhaul of Bangladesh’s ship recycling sector
Bangladesh is set for a major transformation of its ship recycling sector. Parliament has passed the Bangladesh Ship Recycling Bill,…
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Europe
Four Asian shipowners rapped for their recycling choices
The vessel scrapping choices of four Asian shipping lines have incurred the wrath of the world’s largest sovereign wealth fund.…
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Contributions
The conundrum of the enforcement of the Hong Kong Convention
Dr Kanu Priya Jain, coordinator for responsible ship recycling at GMS in Dubai, ponders when scrapping will be forced to…
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Asia
Gadani hit by another fire
Lessons have yet to be learnt from multiple fire incidents at Pakistan’s Gadani shipbreaking yard over the past year. A…
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Asia
PHP becomes first recycling yard in Bangladesh to become Hong Kong compliant
Bangladesh now has a ship recycling yard that is in line with the Hong Kong Convention for the Safe and…
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Shipyards
Demo rates close in on $450 per ldt
Aggressive Pakistani buyers are pushing demo rates into territory not seen for years. The scrapping of the 151,102 dwt Silver…
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Americas
Brazil takes steps against substandard Asian shipbreakers
Brazil’s federal environmental watchdog Ibama is taking measures to ensure the nation’s big exporters do not offload their older ships…
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Asia
Strike on the cards at Gadani
The local trade union at the Gadani shipbreaking area in Pakistan has warned its members will strike from the middle…
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Europe
Isiksan becomes first Turkish yard to gain Hong Kong compliance
Isiksan Ship Recycling and Trading has become the first yard in Turkey to get a statement of compliance, verifying that…
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Americas
NGO and labour unions raise concerns over Transpetro’s shipbreaking practices
A non-governmental organizations (NGO) and Brazilian labour groups have expressed their concerns about alleged dirty scrapping services by Transpetro, Brazil’s…
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Europe
Scrapping of ex-Maersk FPSO halted after radioactive substances discovered onboard
Maersk finds itself at the centre of another shipbreaking storm after radioactive material was reportedly found on an elderly FPSO…
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Europe
Four European banks take ship recycling stance
At Nor-Shipping in Oslo yesterday, Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian DNB, announced that…
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Asia
Burmese owner sends five for scrapping
Myanmar’s Continental Investment Holdings (CIH) has been making the most of high demolition prices by sending five boxships for scrap…
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Asia
LPG carrier fetches $420 per ldt in India
Demo rates have crashed through the $400 barrier for the first time since April 2015. With scant tonnage heading to…
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Contributions
Can scrap rates hold firm?
With demo rates smashing through the $400 per ldt mark, chief correspondent Jason Jiang investigates how long this recycling run…
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