Recycle News

A recent surge in freight rates across multiple shipping sectors has significantly reduced the availability of ships for recycling, particularly in India and Pakistan, according to cash buyer GMS.

While the dry bulk sector has seen a notable uptick, the wet market has been performing relatively better, further limiting the supply of vessels for scrapping. The Panamax segment, which previously struggled, has also seen a rate rebound, with owners of older vessels opting to continue operations...

https://mfame.guru/global-ship-recycling-markets-face-tonnage-shortages-amid-rising-freight-rates/

• GMS highlights ergonomic strategies and proper manual handling practices as essential for safer and more productive ship recycling operations.
• Key interventions include designing ergonomic workspaces, training workers on safe lifting techniques, using mechanical aids, and improving workplace conditions.
• Continuous monitoring, feedback, and regular ergonomic assessments are crucial for identifying risks and implementing corrective measures in ship recycling yards.

Ship recycling yards are...

https://mfame.guru/gms-unveils-safer-work-practices-for-ship-recycling-operations/

GMS has highlighted the importance of emergency mock drills in ship recycling yards. These drills help prepare workers for various emergencies, including fires and confined space incidents, according to Safety4sea.

Emergency mock drills play a vital role in reducing injuries and preventing damage during actual crises. In ship recycling yards, hazards such as flammable materials, toxic gas leaks, and confined space dangers are ever-present.

• Hands-On Preparedness: These drills aren’t...

https://mfame.guru/the-importance-of-mock-drills-in-ship-recycling/

• NGO Report Highlights Shipbreaking Industry Challenges in South Asia.
• Explosion at Bangladeshi Shipyard Raises Concerns Over Safety Regulations.
• Chattogram Shipbreaking Industry Faces Crisis Amid Regulatory Failures.

This year 2024, the final quarter report of the NGOShipbreaking Platform documents recent developments in the three countries: Bangladesh, India, and Pakistan. From the end of July until September, 96have been dismantled in every corner of the globe worldwide, reports Safety4Sea.

https://mfame.guru/96-ships-were-dismantled-from-july-to-september-2024/

Shipowners and cash buyers continue to struggle with the ongoing tonnage shortage as sub-continent ship recycling markets continue down their current trajectory, says cash buyer GMS, according to Marine Link. 

Negativity is permeating across the industry on the back of a short supply of vessels and global economies that remain shaky. “As such, ship recyclers continue to chip away at signs of a return to normality as vessel prices dip closer to USD 450/LT and nervy markets...

https://mfame.guru/sub-continent-ship-recycling-markets-continue-down-their-current-trajectory/

Freight sectors are performing unexpectedly well despite ongoing global crises that are severely impacting ship recycling nations. According to Marine Link, the industry is grappling with economic instability, potential geopolitical conflicts, and the adverse effects of cheaper Chinese steel imports on local markets.

Global economic instability continues as tensions rise, with threats of potential attacks against Israel and speculation around...

https://mfame.guru/freight-sectors-weather-global-instability-amid-ship-recycling-challenges/

Ocean services provider DeepOcean has been awarded a significant recycling project from an international operator, to be executed on the UK continental shelf. This contract award marks a notable milestone for DeepOcean’s Aberdeen office, which will manage project and engineering operations, with offshore activities scheduled for 2024.

The comprehensive campaign spans over 120 days and is segmented into five sub-campaigns, each addressing specific tasks...

https://mfame.guru/deepocean-to-tackle-major-offshore-recycling-campaign/

According to GMS’ latest weekly ship-recycling report, the global ship-recycling market faced a tumultuous end to May, driven by rising vessel prices and a shortage of quality tonnage. This situation is expected to persist into June, influenced by several key factors.

Despite minimal volatility, demand from Alang recyclers has driven up local steel plate prices by nearly USD 45/Ton. The increase is due to strong demand for vessels, though the availability of decent-quality...

https://mfame.guru/rising-prices-and-tonnage-shortage-shape-ship-recycling-market/