Shipbreaking

News

International Seaways sells two ships for green recycling

portnews - August 10, 2022

New York-based tanker company International Seaways has sold two veteran Panamaxes for green recycling. The duo, with an average age of 19 years, was delivered...

News

Lack of Activity in the Ship Recycling Market

portnews - August 9, 2022

In a separate note Allied Shipbroking added that “the ship recycling market is on an uninspiring trajectory for some time now, given both the...

News

Ship Recycling Market Slows with Dearth of Tonnage for Scrap

portnews - August 9, 2022

Sub-continent markets are going to be (seemingly) deprived of tonnage in the foreseeable future, as recycling rates continue their downward descent and tighter restrictions...

News

Breakers hit the buffers in ‘lifeless’ demo market

portnews - August 9, 2022

Ship recycling activity is grinding to a halt as yards adjust to a shortage of tonnage during the monsoon season and holidays in the...

News

TMMOB GMO has released a report for the dismantling of "NAe Sea Paulo"

portnews - August 8, 2022

TMMOB GMO has released a report for the dismantling of "NAe Sea Paulo"TMMOB Chamber of Naval Engineers (GMO) has published an evaluation report regarding...

News

LME scrap contract reaches all-time daily trading volume high

portnews - August 7, 2022

LME scrap futures contracts saw highest daily volume traded on Aug. 2 on the London Metal Exchange since its launch, while weekly trading volumes...

Market

GMS Week 30 – FEARS GROW!

portnews - August 1, 2022

Fears and concerns across the sub-continent recycling markets continue to grow as local currencies across all major ship-recycling destinations continue to worryingly depreciate by...

News

Fears Grow in the Ship Recycling Market

portnews - August 1, 2022

Fears and concerns across the sub-continent recycling markets continue to grow as local currencies across all major ship-recycling destinations continue to worryingly depreciate by...

News

Edda Wind scraps CSOV orders in Sri Lanka

portnews - July 28, 2022

Norwegian offshore wind service company Edda Wind has agreed with Colombo Dockyard in Sri Lanka to terminate the construction and delivery contracts for two...

Cruise Yacht Ferry Boat