Shipbreaking

News

Navy Risks Blowback in Bid to Scrap $5 Billion of Troubled Ships

portnews - May 11, 2022

The US Navy wants to scrap nine of 16 Littoral Combat Ships built by Lockheed Martin Corp. well short of their projected service lives...

Market

Demolition Activity Crawls to Near Halt

portnews - May 10, 2022

In s separate note this week, Allied added that “overall sentiment in the ship recycling market seems to have hit a “road block” this...

News

Maersk Supply Service sells three laid-up vessels for scrap

portnews - May 10, 2022

Denmark-headquartered Maersk Supply Service, a provider of offshore marine services and integrated solutions for the energy sector, has arranged to recycle three of its...

News

EU proposal on waste shipments can ‘level playing field’ for South Asian recycling yards, says Sea Sentinels

portnews - May 10, 2022

Sustainable ship recycling consultancy Sea Sentinels believes proposed changes to the EU’s Waste Shipment Regulation will bring “legal clarity” on hazardous waste exports that...

Market

Ship Scrap Prices take a turn for the Worse

portnews - May 9, 2022

Sub-continent markets have taken a turn for the worse this week, as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh, and...

News

EU Ship Recycling Regulation: European facilities include three new yards

portnews - May 9, 2022

The European Union added three new yards and extending the authorization of two others to its list of approved ship recycling facilities. As informed, one...

Companies

Peel Ports welcomes new metal recycling facility

portnews - May 9, 2022

World-leading metal recycling company EMR opened its doors to a new End-of-Life vehicle facility at King George V in April and will see one...

News

Four of Genting Hong Kong’s Ships Sold for Scrap as Liquidation Continues

portnews - May 6, 2022

Four vessels operated by Star Cruises, a subsidiary of Genting Hong Kong, have been sold by the joint provisional liquidators as they worked to...

Market

Demolition Market Devoid of Ships

portnews - May 4, 2022

In a separate report this week, Allied Shipbroking added that “despite the strong price on offer right in the ship recycling market, we have...

News

Scrapping: Tankers dominated 2021 demo numbers

portnews - May 4, 2022

Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in...

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