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Scrapping 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
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
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
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
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
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
Bangladesh: Radioactive Waste Found on Maersk’s FPSO, Scrapping StoppedBangladesh: Radioactive Waste Found on Maersk’s FPSO, Scrapping StoppedThe High Court of Bangladesh has halted the breaking of the floating oil production and storage tanker, North Sea Producer, following discovery of radioactive substances aboard the vessel.15 June 2017 Thursday 12:21
Indian Scrapping Sector in Another Gloomy WeekIndian Scrapping Sector in Another Gloomy WeekIndian sub-continent shiprecycling destinations have seen another negative week of pricing following the release of the 2017 budget announcements, according to GMS, a cash buyer of ships for recycling.13 June 2017 Tuesday 16:15
2017 Budget to Hit Pakistan, Bangladesh Scrapping Sectors2017 Budget to Hit Pakistan, Bangladesh Scrapping SectorsShip-recycling sectors in Pakistan and Bangladesh have witnessed a decrease in LDT price after the respective countries released their 2017 budget announcements.07 June 2017 Wednesday 11:45
Clarksons: 2016 Busy Year for ScrappingClarksons: 2016 Busy Year for Scrapping2016 was a busy year for global ship recycling, especially when it comes to boxships and bulkers. What is more, shipbreaking is expected to remain at elevated levels this year as well, bringing some ease to the shipping industry plagued by oversupply, acc21 February 2017 Tuesday 12:19
Alphaliner: Boxship Additions Twice as High as Scrapping ForecastAlphaliner: Boxship Additions Twice as High as Scrapping ForecastThe large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner.25 January 2017 Wednesday 11:31
2017 set for record 750,000 teu of boxship scrapping: Alphaliner2017 set for record 750,000 teu of boxship scrapping: AlphalinerFrench container consultants Alphaliner suggest 2017 will be another record year for containership scrapping with some 750,000 teu of ships set to be torched this year.18 January 2017 Wednesday 15:10
IMO’s BWM Regulation to Boost Tanker Scrapping ActivityIMO’s BWM Regulation to Boost Tanker Scrapping ActivityWeakness 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 on ballast water, according to shipping consultancy Drewry.17 November 2016 Thursday 14:00
Poten & Partners: Tanker Deliveries vs. Scrapping PotentialPoten & Partners: Tanker Deliveries vs. Scrapping PotentialGiven the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners.15 November 2016 Tuesday 14:26
Scrapping Boxship Candidates to Get Younger and BiggerScrapping Boxship Candidates to Get Younger and BiggerAmid a record year for containership demolitions in 2016, which helped suppress total fleet growth close to the rate for demand, shipping consultancy Drewry said that the scrapping candidates will get younger and bigger until the market recovers.14 November 2016 Monday 13:31
The 4,923 teu YM Los Angeles sets new boxship scrapping recordsThe 4,923 teu YM Los Angeles sets new boxship scrapping recordsSetting a new benchmark, Diana Containerships has moved to scrap a panamax boxship that was delivered less than 10 years ago.31 October 2016 Monday 12:00
Diamond Offshore stacks two rigs, scrapping another twoDiamond Offshore stacks two rigs, scrapping another twoHouston-based offshore driller Diamond Offshore has revealed that it has stacked two rigs in the last quarter and that it intends to scrap another two.02 August 2016 Tuesday 17:02
Ship Scrapping To Set New RecordShip Scrapping To Set New RecordBy Mike Wackett (TheLoadStar) Ship scrapping appears set to hit record levels this year, according to shipbroker and services firm Clarksons.20 June 2016 Monday 13:26
Maersk Says Eurpean Commission Should Be ‘More Realistic’ With Ship Scrapping GuidelinesMaersk Says Eurpean Commission Should Be ‘More Realistic’ With Ship Scrapping Guidelines(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.10 June 2016 Friday 17:34
Idle Containership Fleet Still Growing as 2016 Shapes Up to Be a Record Year for ScrappingIdle Containership Fleet Still Growing as 2016 Shapes Up to Be a Record Year for ScrappingLaid-up containership capacity “remains at an alarmingly high level”, according to the latest review by Alphaliner and, worryingly for shipowners, there are still no signs of demand picking up.14 April 2016 Thursday 18:36
BIMCO: China’s Scrapping of Younger Ships May Increase NewbuildsBIMCO: China’s Scrapping of Younger Ships May Increase NewbuildsInternational dry bulk shipowners seem only to scrap ships aged eighteen years or older, while some Chinese owners have scrapped ships that were even younger than that, according to the Baltic and International Maritime Council (BIMCO).21 December 2015 Monday 11:36
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