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 vessel sales. Among them is...

July 10, 2020
Total Views: 84

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 containerships for scrapping. According to London-based...

June 3, 2020
Total Views: 31

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 vessels scrapped last year...

May 1, 2019
Total Views: 22

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’ yards in the past...

November 27, 2018
Total Views: 12

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 charter market makes an unexpected U-turn. The...

August 3, 2018
Total Views: 2

Thursday, August 2, 2018
tanker
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 uneconomical to comply with, have got owners...

August 2, 2018
Total Views: 6

Wednesday, September 27, 2017
rickmers maritime
News

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”, says Alphaliner. It says newbuild deliveries with 1.6m...

September 27, 2017
Total Views: 4

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. But the timing of...

May 10, 2017
Total Views: 0

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 container shipping further into balance....

February 21, 2017
Total Views: 13

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, the NGO...

February 1, 2017
Total Views: 6

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 levels, shipping analyst Alphaliner...

February 1, 2017
Total Views: 10

Friday, January 13, 2017
News

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 order to keep pace with...

January 13, 2017
Total Views: 6

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 Braemar ACM, by 20 December, 699,000...

December 21, 2016
Total Views: 4

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 panamax containership. Reports yesterday claimed it had sold the...

November 25, 2016
Total Views: 4

Thursday, November 17, 2016
News

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 result of the IMO regulation...

November 17, 2016
Total Views: 2

Sunday, June 19, 2016
News

Ship Scrapping To Set New Record

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...

June 19, 2016
Total Views: 10

Thursday, June 9, 2016
Maritime News

Maersk Says Eurpean Commission Should Be ‘More Realistic’ With Ship Scrapping Guidelines

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....

June 9, 2016
Total Views: 0

Tuesday, May 31, 2016
Maritime News

Ship Scrapping Accelerates Ahead of Panama Canal Expansion Opening

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...

May 31, 2016
Total Views: 33

Tuesday, January 12, 2016
Maritime News

Consigning ‘Teenagers’ to the Scrap Yards May Help Solve Chronic Boxship Overcapacity

By Mike Wackett (The Loadstar) – According to shipbroker Braemar ACM, as at the beginning of this week six container vessels, equating to 14,000 teu, had been sold for demolition,...

January 12, 2016
Total Views: 2

Wednesday, October 7, 2015
News

Blowtorch Beach, Turkey: Where Old Offshore Oil Rigs Go to Die

  By Firat Kayakiran, Naomi Christie and Angelina Rascouet (Bloomberg) — When offshore oil rigs reach the end of their useful lives, many head for their final resting place at...

October 7, 2015
Total Views: 9