Ship Scrap Prices Rises to $500/ton During the Pandemic

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland. 

Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices, approaching $500 per ton. He weighs in on ship scrapping trends and direction, says an article published on OE digital.

About...

https://mfame.guru/ship-scrap-prices-rises-to-500-ton-during-the-pandemic/

GMS Praises Maersk Despite Criticism From Danish Government

Trade group Danish Shipping wants a bilateral deal between the EU and India to lift environment and safety standards at breakers’ yards in South Asia, where almost 90% of ships are recycled, reports Lloyd’s List.

Accusations

Industry groups defend Maersk’s record on shipbreaking after Danish government says it will investigate the reflagging and recycling of four ships at Alang, India.

Nikos Mikelis, non-executive director at GMS, which buys ships for scrapping, said Maersk deserved praise for...

https://mfame.guru/gms-praises-maersk-despite-criticism-from-danish-government/

Recycling Halts At Alang Due To Shortage Of Oxygen

  • The Oxyfuel process is the most widely applied industrial thermal cutting process.
  • The scrap prices are ruling at ₹36,800 a ton and 12 mm re-rollable steel plate is priced at ₹41,000 a ton.
  • A decrease in purity of 1 per cent will typically reduce the cutting speed by 25 per cent and increase gas consumption by 25 per cent.
  • More than 90 of the 120 working plots at Alang are certified for compliance with the green recycling standards.

Ship recycling activities at Alang in Gujarat’s Bhavnagar...

https://mfame.guru/recycling-halts-at-alang-due-to-shortage-of-oxygen/

Ship Scrap Prices Surge To Nearly $500/ton

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland, reports Offshore Engineer.

Leader in ship recycling

Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices, approaching $500 per ton. He weighs in on ship scrapping trends and...

https://mfame.guru/ship-scrap-prices-surge-to-nearly-500-ton/

Understanding the Infrastructure of Ship Recycling Facility

It is widely criticized that recycling facilities do not have adequate procedures and infrastructure to collect and dispose of the hazardous waste recovered from the ships during the recycling process. However, it is critical to know and understand the infrastructure available at Alang, reads a press release by GMS Leadership.

Ship recycling

Gujarat Maritime Board (GMB) is the regional regulatory body supervising recycling activities in Alang, India. GMB constructed the landfill site and assigned...

https://mfame.guru/understanding-the-infrastructure-of-ship-recycling-facility/

Prosecutor launches investigation after Icelandic journalists shed light on illegal export of toxic ships to India

Kveikur’s documentary – Screenshot

Prosecutor launches investigation after Icelandic journalists shed light on illegal export of toxic ships to India

Cash buyer GMS once again under the spotlight

Icelandic program Kveikur released yesterday an investigation on the murky sale of two ships owned by Icelandic company Eimskip. In a documentary broadcasted by radio and television Ríkisútvarpið (RÚV), Kveikur uncovers the illegal export of the container ships GODAFOSS and LAXFOSS to the Indian beach of...

https://www.allaboutshipping.co.uk/2020/09/25/prosecutor-launches-investigation-after-icelandic-journalists-shed-light-on-illegal-export-of-toxic-ships-to-india/

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