shipbreaking

Oct. 8 (Bloomberg) — The cost of hauling crude on the largest tankers is poised to rise to a four-year high as the biggest demolition program in a decade

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

In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of

ISTANBUL, Aug 7 (Reuters) – The MS Pacific, a cruise ship made famous by its appearance in the popular U.S. 1970s television show “The Love

A plunge in the Indian rupee to near a record is curbing demolition of obsolete merchant vessels, exacerbating a fleet surplus in the maritime industry,

In a report by Charles R. Weber today, the shipbroker notes that the crude tanker market could be set for another 18 months of poor performance as ship

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

“How long can smaller, less well-known owners, especially ones with only one ship, continue to run their grand and less than grand old ladies?”

A seventh shipbreaker has died as the result of an explosion on board a beached tanker at an Alang shipbreaking yard earlier this month. gCaptain reported on

(Bloomberg) — Owners of oil tankers must scrap younger vessels for the market to recover by 2014 or 2015, according to shipbroker Braemar Seascope Ltd.

Just days after an explosion killed 6 shipbreakers in Alang India, the European Commission is considering a proposal to legalize the export of toxic,

An explosion on board a beached tanker in Alang, India has killed 6 workers and injured one other. The fire broke out at approximately 12.45 pm on Saturday on

(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a

Faced with a petition from ToxicsWatch Alliance, an environmental organization in India, the Supreme Court ruled last week that end-of-life ships containing

(Bloomberg) — India’s Supreme Court ruled that the ship that spilt millions of gallons of oil in waters off Alaska in 1989 can be recycled in the

The M/V Oriental Nicety, aka the Exxon Valdez, is due to appear in front of India’s Supreme Court on Thursday to determine whether or not the vessel is

In a move to reduce debt, and to the overall benefit of the struggling dry bulk industry, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today that

(Bloomberg) — Scrap prices for dry-bulk ships have plunged 13 percent in the past year as oversupply and unprofitable charter rates prompt owners to

Greek shipowner Seanergy Maritime Holdings (NASDAQ:SHIP) announced the sale of their 1995-built, 172,173 DWT Capesize bulk carrier, BET Scouter, now destined