scrapping

By Mike Wackett (TheLoadStar) Ship scrapping appears set to hit record levels this year, according to shipbroker and services firm Clarksons. In its

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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