Tanker Scrappage To Hit Multi-Year High

by Jessica Jaganathan (Reuters) - The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after … [Read more...]

Photos: Shipbreaking on the Beaches of Alang

Reuters' photographer Amit Dave has published a series of photos taken just this week at a shipbreaking yard in Alang, India, where many of the world's ships continue to be sent at the end of their operational lives. While some yards in Alang have upgraded their facilities to comply with global shipbreaking standards set out in the Hong Kong Convention, the shipbreaking … [Read more...]

Maersk Sending Four More Ships to Alang

Danish shipping giant Maersk Line has announced plans to scrap eight panamax ships at yards in India and China. The world's largest container shipping company has come under fire this year over its shipbreaking practices, specifically its return to beaching facilities in Alang, India where the company intends to recycle more ships in the future. Maersk says of the eight … [Read more...]

Denmark Environment Minister Under Fire for Dodging Questions About Maersk’s Shipbreaking Policy

Denmark's Environmental Minister has come under fire for failing to provide concrete answers to questions regarding the Danish government’s position on shipbreaking in South Asia amid Maersk's controversial decision to send end-of-life ships to approved yards in Alang, India for recycling. The Danish Environment Minister, Esben Lunde Larsen, was in Brussels Wednesday to … [Read more...]

Maersk Defends Controversial Use of Alang Shipbreaking Yards

By Nikolaj Skydsgaard COPENHAGEN, Oct 17 (Reuters) - Shipping conglomerate A.P. Moller-Maersk said on Monday it was striving to improve workers' rights at shipbreaking yards it uses in India after criticisms of hazardous conditions. The Danish company also expressed regret that a ship it sold this year, the "North Sea Producer", had then been taken to a shipbreaking yard … [Read more...]