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

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 days as operators seek...

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

By Mike Wackett (The Loadstar) – Demolition markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping. According to London-based...

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 vessels scrapped last year...

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’ yards in the past...

By Mike Wackett (The Loadstar) – Non-operating owners of ageing gas-guzzling small containerships are likely to renew their interest in scrapping as the charter market makes an unexpected U-turn. The...

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

By Mike Wackett (The Loadstar) – Recent forecasts from ocean carriers that a supply-demand equilibrium will be reached next year are “optimistic”, says Alphaliner. It says newbuild deliveries with 1.6m...

(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. But the timing of...

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 container shipping further into balance....

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, the NGO...

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 levels, shipping analyst Alphaliner...

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 order to keep pace with...

By Mike Wackett (The Loadstar) – Two hundred and one containerships and just under 700,000 container slots have been scrapped this year. According to Braemar ACM, by 20 December, 699,000...

By Gavin van Marle (The Loadstar) – Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old panamax containership. Reports yesterday claimed it had sold the...

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

By Mike Wackett (TheLoadStar) Ship scrapping appears set to hit record levels this year, according to shipbroker and services firm Clarksons. In its latest review of the demolition market, it says...

By Gavin van Marle (The Loadstar) Maersk Line has responded to criticism from an environmental group accusing it of using flags of convenience to bypass EC guidelines on ship scrapping....

By Mike Wackett (The Loadstar) – The number of container vessels sent to breakers’ yards so far this year will shortly eclipse the total demolished in 2015 – in terms...