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Scrap News

Workers’ strike halts ship recycling at 22 facilitiesWorkers’ strike halts ship recycling at 22 facilitiesThe production at 22 ship recycling facilities has been stopped at Izmir Aliaga district in Turkey amid the workforce strike for better employment conditions in the last six days.18 February 2022 Friday 12:30
Ship demolition: 301 tankers sold for scrap in 2021Ship demolition: 301 tankers sold for scrap in 20212021 saw 704 vessels sold for scrap overall, with a combined deadweight tonnage of 26.4 million and a total scrap value of $2.7 billion, a report released by VesselsValue shows.26 January 2022 Wednesday 14:10
Train Ferry SASSNITZ: Sad End on the Turkish BeachTrain Ferry SASSNITZ: Sad End on the Turkish BeachHer final destination was Aliaga beach in the Aegean. The 172 meters long and 26-meter wide railway ferry arrived on October 20, 2021, at full speed, to be taken between other ships that also have to be decommissioned.18 January 2022 Tuesday 00:00
Sanctions-busting tankers set for the scrapheapSanctions-busting tankers set for the scrapheapVintage ships moving sanctioned oil cargoes could head to be broken up as the Biden administration in the US looks at sanctions relief for both Iran and Venezuela.31 May 2021 Monday 11:43
MOL scraps 37-year-old LNG carrierMOL scraps 37-year-old LNG carrierThe Moss type vessel was delivered from Mitsui Ichihara in February 1984, and has sailed nearly 2m nautical miles – the equivalent of going to Mars and back – while completing 733 voyages for the Japanese owner.29 January 2021 Friday 12:00
Pioneering Cruise Ship Arrives in India to be ScrappedPioneering Cruise Ship Arrives in India to be ScrappedThe first newly built cruise ship for Carnival Cruise Lines, which was launched at a critical moment in the development of the modern cruise ship industry, has ended its 38-year career.02 January 2021 Saturday 11:00
Two Eimskip boxships sent to dirty scrapyards in India, investigation revealsTwo Eimskip boxships sent to dirty scrapyards in India, investigation revealsIcelandic transportation Eimskip has reportedly sold two of its containerships to dirty and dangerous scrapyards in India.26 September 2020 Saturday 11:04
Euroseas sells three container vessels for scrapEuroseas sells three container vessels for scrapGreek container shipping company, Euroseas has announced the sale of three boxships for a total of approximately US$7.6 million.12 August 2020 Wednesday 16:55
Temasek Unit Scraps $3 Billion Bid for KeppelTemasek Unit Scraps $3 Billion Bid for KeppelKyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss.10 August 2020 Monday 15:56
Video: Famed Cruise Ship Monarch Beached for ScrappingVideo: Famed Cruise Ship Monarch Beached for ScrappingA startling and saddening video for many emerged today on social media showing the last moment of the cruise ship known as the Monarch, which had once been part of the pioneering Sovereign class built by Royal Caribbean International nearly 30 years ago.23 July 2020 Thursday 17:00
Sovereign, the World's First Mega Cruise Ship, Arrives at ScrapyardSovereign, the World's First Mega Cruise Ship, Arrives at ScrapyardJust a month after Spain’s Pullmantur Cruises announced its insolvency, two of its cruise ships have arrived at the scrapyards of Turkey, victims of the global pandemic.22 July 2020 Wednesday 16:00
Cruise Industry Downsizing Begins With First Sale of a Ship for ScrapCruise Industry Downsizing Begins With First Sale of a Ship for ScrapThe cruise industry is beginning a downsizing the likes of which have never been seen in the modern cruise business.25 June 2020 Thursday 12:15
Gibson: Tanker Scrapping to Remain Low During WinterGibson: Tanker Scrapping to Remain Low During WinterA lack of demolition activity has been one of the key developments in tanker supply this year, with scrapping likely to remain at low levels in the coming months, Gibson Shipbrokers said in its latest tanker market report.11 November 2019 Monday 15:39
Norwegian Insurer is Under Investigation in Scrapping CaseNorwegian Insurer is Under Investigation in Scrapping CaseThe aging barge carrier Eide Carrier has arrived in Aliaga, Turkey, ending the controversial saga of her scrapping.30 August 2018 Thursday 11:45
USS Doyle Sails to the ScrapyardUSS Doyle Sails to the ScrapyardThe decommissioned USS Doyle (FFG-39) has concluded her final voyage from Philadelphia to New Orleans.31 July 2018 Tuesday 09:45
Fire at Gadani as Tanker Scrapping ResumesFire at Gadani as Tanker Scrapping ResumesThree months after authorities gave the green light for tanker beachings to resume at Gadani, Pakistan, another fire broke out aboard a decomissioned VLCC, trapping several workers inside the burning hull.17 July 2018 Tuesday 13:15
Tanker Scrappage To Hit Multi-Year HighTanker Scrappage To Hit Multi-Year HighThe shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.04 June 2018 Monday 11:45
OSV Scrapping Rates Up 153% YTDOSV Scrapping Rates Up 153% YTDAs the severity of the offshore energy downturn has increased and the likelihood of older vessels returning to work begins to diminish, owners have slowly come round to the importance of scrapping these vessels.08 May 2018 Tuesday 16:13
Tanker Scrapping in 2018 Already As High As the Whole of 2017Tanker Scrapping in 2018 Already As High As the Whole of 2017Weak freight rates have prompted a surge of tanker scrapping, in what could prove to be crucial for the long-term revival of the wet market.19 March 2018 Monday 17:32
3.5 Million DWT Tankers Scrapped in 2018 So Far3.5 Million DWT Tankers Scrapped in 2018 So FarTanker scrapping slowed in 2015 due to three key factors: Stronger spot market returns, low price being offered by buyers at the recycling yards, and the demand to store oil following the price collapse in late 2014.01 March 2018 Thursday 17:33
Shipping Corporation of India sends ageing tanker for scrapShipping Corporation of India sends ageing tanker for scrapShipping Corporation of India (SCI) has announced the sale of 1999 built tanker Abul Kalam Azad.02 January 2018 Tuesday 16:03
Shreyas sends feeder boxship to scrapShreyas sends feeder boxship to scrapIndian container feeder operator Shreyas & Logistics has entered into a memorandum of agreement for the sale of containership SSL Sagarmala.16 October 2017 Monday 11:52
Diana Shipping scraps bulker which grounded off IndonesiaDiana Shipping scraps bulker which grounded off IndonesiaGreek owner Diana Shipping has sealed an agreement to sell the 2004 built panamax bulker Melite for demolition.13 October 2017 Friday 11:31
Denmark to scrap registration fees for secondhand shipsDenmark to scrap registration fees for secondhand shipsThe Danish government is looking at abolishing registration fees for secondhand ships to better compete with registers like Singapore.04 September 2017 Monday 16:46
21% of all jackups need to be scrapped21% of all jackups need to be scrappedMore than one in five jackups need to be scrapped, according to a new report by consultants Rystad Energy.29 July 2017 Saturday 15:21
Atlantic Offshore scraps OSV pairAtlantic Offshore scraps OSV pairAtlantic Offshore has sold 1976-built multi-role offshore support vessel Ocean Sprite and 1982-built rescue and recovery vessel Ocean Swan for recycling in Denmark.27 July 2017 Thursday 00:02
Bangladeshi Scrapping Tax RevokedBangladeshi Scrapping Tax RevokedThe prohibitive taxes announced in Bangladesh’s recent budget will be reversed for the next two years, at the very least, cash buyer of ships for recycling GMS said.11 July 2017 Tuesday 13:28
GMS: Bangladeshi Scrapping Tax Likely to Be PostponedGMS: Bangladeshi Scrapping Tax Likely to Be PostponedThe attempt to reverse the recently imposed 15% value-added tax (VAT) on ships being sent to Indian ship-recycling markets will likely be successful, according to GMS, a cash buyer of ships for recycling.06 July 2017 Thursday 16:01
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