Shipbreaking
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Asia
First Ship Lease Trust sells two containerships
First Ship Lease Trust Management says it has failed to find employment for two of its panamax containerships, which it…
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Asia
Shipowners still have not improved shipbreaking practice, says NGO
In spite of mounting pressure from governments and lobbyists, during 2015 shipowners continued to scrap vessels at shipbreaking yards known…
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Dry Cargo
Record shipbreaking volumes likely in 2016
Both BIMCO and Clarkson agree that this year will be a record one for shipbreaking volumes. “With an expected tidal…
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Asia
Precious Shipping scraps handysize bulker
Thailand’s Precious Shipping has confirmed it has sold its 20-year-old handysize bulk carrier for scrap to Pakistani buyers at a…
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Asia
Two Indian ship recycling yards certified as Hong Kong-compliant
Two ship recycling yards in India have been certified by Class NK as being technically compliant with the IMO’s Hong…
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Environment
Grieg Green gets ABN Amro cash in quest to end beaching vessels
Dutch bank ABN Amro has given cash injection to Grieg Green that the company says will be used to ensure…
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Americas
GSL confirms boxship demolition, looking for secondhand tonnage
Global Ship Lease (GSL) has confirmed it has sold its 18-year-old containership for demolition for $328.25 per ldt or around…
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Containers
Euroseas confirms demolition of elderly handysize boxship
NASDAQ-listed Euroseas today confirmed it has sold its 23-year-old boxship (1,599 teu, built 1993) for demolition. Earlier this week, brokers…
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Environment
NGO Shipbreaking Platform targets Italian owners
NGO Shipbreaking Platform, a global coalition of 19 environmental, human rights and labour rights organisations working to end polluting and…
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Dry Cargo
Three capesizes scrapped this week, global fleet has shrunk 5% in 2015
Three capesize bulk carriers have met the welder’s torch this week, bringing the total number of capes scrapped this year…
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Environment
Danish shipowners boss ‘not proud’ her country has not ratified HK Convention
Shipping’s extremely divergent views on ship recycling were in plan view this morning at the start of Danish Maritime Days,…
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Asia
Eight workers hospitalised after blast at Chittagong shipbreaking yard
A leak in a gas cylinder led to an explosion yesterday morning at Shital Enterprise scrap yard in Chittagong, Bangladesh,…
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Asia
VLOC scrapped in Pakistan
Germany’s Neu Seeschiffahrt has sold its very large ore carrier (VLOC) vessel Rebekkah N (255,300 dwt, 36,615 ldt; built 1990)…
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Asia
India’s scrap price strengthens, rupee weakens, capesize demolished
A capesize bulk carrier has been reported sold for demolition in India, which this past week has seen a slight…
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Asia
Bangladesh shipbreaking cartel scares away scrap ship sellers
As scrap prices dwindle, five unnamed members of the Bangladesh Ship Breakers Association (BSBA) have formed a pricing cartel to…
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Contributions
Dark times
China’s ship recyclers are mired in red ink, writes Katherine Si. The ship recycling industry in China still faces dangers…
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Maritime CEO
GMS: More than 100 capes could be torched this year
Dubai: As well as its leading position in the world of ship recycling GMS owns a number of ships, hence…
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Greater China
Beijing extends ship scrapping subsidy
Beijing: Beijing’s ship scrapping subsidy is to be extended as China fights rampant overcapacity in its national merchant fleet. The…
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Dry Cargo
Five more capes canned in Pakistan
London: Five more capesize bulk carriers were sold to demolition yards in Pakistan this past week, but prices there are soon…
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Environment
New EU rules unlikely to stop shipbreaking on sub-continental beaches
Mumbai: The European Union (EU) has announced strict new rules on demolition of old vessels, which appear set to benefit…
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