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Shipbreaking

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Euroseas Boxship Sold for Scrap as Environmental Regulations Loom

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More containerships are expected to head for scrap as demand falls and environmental regulations loom Just weeks after admitting that the age profile of its...
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Turkish mills likely to continue to struggle with firm scrap prices in early 2023

portnews -
Turkish deepsea import scrap prices are expected to remain relatively firm over the first quarter of 2023, supported by tight supply, posing a continued...
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Govt must move fast on EU regulations to save Alang’s ship recycling industry

portnews -
Though Union Finance Minister Nirmala Sitharaman, while presenting the 2020-21 budget, had envisaged doubling ship recycling capacity by 2024, it does not seem to...
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Ship Recycling Market Could Come Back to Life

portnews -
  The shipbroker added that “in relation to the actual dwt committed, the tanker sector supplied about 60% less tonnage for recycling compared to 2021,...
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Ship Recycling endures a Turbulent 2022

portnews -
Like much of the world, one word adequately describes the ship recycling market in 2022: turbulent. According to GMS, prices reached decade long peaks above...
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Older smaller box ships may soon be forming a queue for the scrapyards

portnews -
The return of freight rates to pre-pandemic levels means small containerships are becoming uneconomic on liner trades, where operating costs remain elevated. Consequently, voyage results...
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Tall Ship With a Long Career in Cinema Heads to the Scrappers

portnews -
A Dutch barque that featured in more than a dozen films has gone to the scrappers, ending a 77-year career on the water. The three-masted...
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Ship Recycling: Bleak end of the Year Ahead

portnews -
Meanwhile, in a separate note this week, shipbroker Allied said that “ship recycling market prevailed at stagnant levels for yet another week, with just...
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Ship Recycling: No Impetus

portnews -
  Recycling markets are ambling towards the end of the year without any real impetus, ability, aggression, or even an apparent willingness to engage in...
News

GMS Week 48 – NO IMPETUS!

portnews -
Recycling markets are ambling towards the end of the year without any real impetus, ability, aggression, or even an apparent willingness to engage in...
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