scrapping

Taiwanese shipping company Wan Hai Lines is putting ten of its oldest feeder containerships up for sale for demolition, representing approximately 10% of its

By Mike Wackett (The Loadstar) – A period of aggressive vessel scrapping will be required to address a looming “severe risk of overcapacity” in

This year has been tough for the world’s biggest yachts. Earlier this month, Rotterdam said it wouldn’t take apart a bridge to let Jeff Bezos sail

Two workers at a Turkish shipbreaking yard have died following an accident dismantling a Carnival cruise ship, according to an industry watchdog. The NGO

By Mike Wackett (The Loadstar) – Despite a 30% spike in prices for scrap, just 1,300 teu of cellular tonnage was sold for demolition in the past 60

By Mike Wackett (The Loadstar) – With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of

By Mike Wackett (The Loadstar) – Demolition markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of

By Mike Wackett (The Loadstar) – Drewry has urged containership owners planning to scrap older vessels this year to “get a move on”. The number of

By Mike Wackett (The Loadstar) – In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’

By Mike Wackett (The Loadstar) – Non-operating owners of ageing gas-guzzling small containerships are likely to renew their interest in scrapping as the

By Firat Kayakiran (Bloomberg) — Oil tanker owners are giving up. A 19-month curtailment of OPEC cargoes, and environmental regulations that are proving

By Mike Wackett (The Loadstar) – Recent forecasts from ocean carriers that a supply-demand equilibrium will be reached next year are “optimistic”,

(Drewry) – Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery.

By Mike Wackett (The Loadstar) – A sharp increase in steel prices has prompted a new wave of vessel scrapping, bringing the supply-demand ratio in

A total of 862 ships were dismantled worldwide in 2016, the vast majority of which ended up in South Asia on the beaches of India, Pakistan, and Bangladesh,

By Gavin van Marle (The Loadstar) – At least 100 panamax-class containerships need to be scrapped if owners are to see charter rates return to break-even

European shipowners are calling for the European Commission to open its list of approved ship recycling facilities to non-EU countries as soon as possible in

By Mike Wackett (The Loadstar) – Two hundred and one containerships and just under 700,000 container slots have been scrapped this year. According to

By Gavin van Marle (The Loadstar) – Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old

(Drewry) – Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a