Sunday, June 19, 2016

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

June 19, 2016
Total Views: 84

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

June 9, 2016
Total Views: 5

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

May 31, 2016
Total Views: 130

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

January 12, 2016
Total Views: 7

Wednesday, October 7, 2015

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

October 7, 2015
Total Views: 69

Tuesday, June 23, 2015
Maritime News

China Extends Ship Scrapping Subsidy Program

China on Tuesday extended by two years a subsidy programme that encourages shipping companies to scrap old vessels in a bid to support an industry struggling

June 23, 2015
Total Views: 3

Saturday, May 9, 2015

Capesize Demolitions at Record Pace in 2015

[contextly_sidebar id=”blTEeOrrbM06h22rx3534xyHBlK76W9e”]The Capesize dry bulk demolition market is off to its busiest start ever in 2015 amid some

May 9, 2015
Total Views: 19

Friday, May 8, 2015

Capesize Demolitions at Record Pace in 2015

The Capesize demolition market is off to its busiest start ever in 2015 amid some of the lowest dry bulk freight rates in the last three decades. According to

May 8, 2015
Total Views: 6

Thursday, August 21, 2014

Ex-USS Saratoga Departs Rhode Island on Final Voyage – Photos

The ex-USS Saratoga (CV 60) on Thursday set off on its final voyage from Naval Station Newport in Rhode Island to the port of Brownsville, Texas where the ship

August 21, 2014
Total Views: 128

Friday, July 25, 2014
Maritime News

Notorious Drug Smuggling Freighter Headed for Scrapyard

A freighter seized off the coast of Washington state nearly four decades ago in one of the largest marijuana busts in the region's history was moved to Seattle

July 25, 2014
Total Views: 195

Monday, July 14, 2014
min he cosco
Maritime News

COSCO Continues Scrapping Program

COSCO announced today that since the end of May, eight of the company’s ships have been scrapped as part of a fleet restructuring plan announced last

July 14, 2014
Total Views: 3

Thursday, April 24, 2014
Maritime News

COSCO Scraps Over 800,000 Deadweight Tons So Far in 2014

Following up on an announcement last August, China COSCO has been busy this year selling their ships for scrap as part of their company’s restructuring

April 24, 2014
Total Views: 15

Wednesday, October 9, 2013
bhp billiton port hedland western australia bulk carrier

Shipowners Love Ships: Don’t Expect Them to be Scrapped so Quickly

It was reported in Bloomberg’s “Chart of the Day” that the latest rally in iron-ore freight costs since 2009 has prompted shipowners to end

October 9, 2013
Total Views: 4

Monday, September 30, 2013
china shipping container lines cscl

China Shipping to Scrap Nearly Dozen Ships

China Shipping announced today they have sold the 1993-built, 35,000 deadweight product tanker Ming Chi to Digang Shipyard for a total consideration of

September 30, 2013
Total Views: 10

Thursday, September 19, 2013
china shipping container lines cscl

CSCL Sells Pair of 1985-Built Containerships for Scrap

CSCL announced today the sale of two containerships to CIC Digang for their eventual scrapping. The two vessels are the Xiang Hu and the Xiang Kai, both

September 19, 2013
Total Views: 3

Friday, August 30, 2013
shipbreaking ship recycling scrapping

Cargo Ships on Beaches…Really?

A perspective on ship recycling and how to end beaching  Like most other things, ships don’t last forever. After 25-30 years they are no longer

August 30, 2013
Total Views: 746

Thursday, August 8, 2013
timaru star siem shipping

Siem Shipping Sells the Timaru Star for Scrap

Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD $2.0 million. The transaction will have no

August 8, 2013
Total Views: 2

Thursday, April 18, 2013

European Parliament Rejects Proposal for Ship Recycling Fund

The European Parliament on Thursday backed plans that would help make the scrapping of old ships safer, but voted against a proposal for a recycling fund

April 18, 2013
Total Views: 32

Wednesday, April 17, 2013
maersk madrid

Diana Containerships: A Difficult But Necessary Decision to Scrap MAERSK MADRID

At the outset, this might appear as a setback for the fledgling company. But on a cash-flow basis, the company has fared much better or, to be exact, less

April 17, 2013
Total Views: 6