Tuesday, December 13, 2022

Wan Hai Lines Selling 10 Containerships for Scrap

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

December 13, 2022
Total Views: 6056

Thursday, October 27, 2022

Smaller Containerships Most Likely to Face the Chopping Block

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

October 27, 2022
Total Views: 6713

Tuesday, July 26, 2022
Cruise Ships

Saudi Cruiseship Mega-Yacht Conversion Project Scrapped As Economy Turns

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

July 26, 2022
Total Views: 4649

Tuesday, July 27, 2021
Cruise Ship Decommissioning

Report: Two Killed Dismantling Carnival Cruise Ship in Turkey

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

July 27, 2021
Total Views: 6145

Wednesday, July 21, 2021

Containership Scrapping Tanks as Carriers Seek Out ‘Anything That Floats’

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

July 21, 2021
Total Views: 14723

Friday, July 10, 2020
Maritime News

Containership Demolition Increasing Despite Falling Scrap Prices

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

July 10, 2020
Total Views: 245

Wednesday, June 3, 2020
rickmers maritime
Maritime News

Scrapyards Set for New Wave of Containership Demolition as Idle Fleet Grows

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

June 3, 2020
Total Views: 136

Wednesday, May 1, 2019
rickmers maritime
Maritime News

Drewry Says Scrapping Younger Containerships Will Help Rebalance Supply and Demand

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

May 1, 2019
Total Views: 99

Tuesday, November 27, 2018
rickmers maritime
Maritime News

Containership Scrapping Gathers Pace Ahead of IMO 2020

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’

November 27, 2018
Total Views: 42

Friday, August 3, 2018
rickmers maritime
Maritime News

Scrapping May Make Comeback as Smaller Containerships Lose Their Appeal

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

August 3, 2018
Total Views: 3

Thursday, August 2, 2018
Maritime News

Tanker Owners are Scrapping the Most Ships in Decades

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

August 2, 2018
Total Views: 62

Wednesday, September 27, 2017
rickmers maritime

No Trade Balance for Container Shipping Until End of 2019, Says Alphaliner

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

September 27, 2017
Total Views: 35

Wednesday, May 10, 2017
Maritime News

Drewry: Scrapping to Determine Pace of Recovery for Tanker Shipping Market

(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.

May 10, 2017
Total Views: 5

Tuesday, February 21, 2017
Maritime News

Surging Steel Price Boosts Scrap Value of Redundant Containerships

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

February 21, 2017
Total Views: 77

Wednesday, February 1, 2017
Maritime News

NGO Shipbreaking Platform: Use of ‘Polluting’ South Asia Scrap Yards Accelerating

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,

February 1, 2017
Total Views: 49

Maritime News

Alphaliner: 100+ Panamax Containerships Must be Scrapped to Reach Break-Even Levels

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

February 1, 2017
Total Views: 96

Friday, January 13, 2017

European Shipowners: Open EU Ship Recycling List to Foreign Yards

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

January 13, 2017
Total Views: 53

Wednesday, December 21, 2016
Maritime News

Containership Scrapping Ramps Up as Panamax Values Continue in the Doldrums

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

December 21, 2016
Total Views: 55

Friday, November 25, 2016
Maritime News

Rickmers Maritime Denies Reports It Sold 7-Year-Old Containership for Scrap

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

November 25, 2016
Total Views: 48

Thursday, November 17, 2016

Drewry: Ballast Water Management Regulation to Trigger Further Scrapping in Tanker Shipping Market

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

November 17, 2016
Total Views: 8