Brownsville yard recycles first EU-flag ship

After being accepted for processing in January this year, a 158 meter chemical tanker, the MT Wolverine has become the first EU-flagged ship to be recycled in the U.S. in accordance with the EU Ship Recycling Regulation.

The project follows a $30 million investment in new equipment and processes at the Brownsville, Texas, yard of International Shipbreaking Ltd (ISL), part of international recycling specialist EMR Group. The investment enabled the yard to meet the rigorous requirements of the EU...

https://www.marinelog.com/legal-safety/environment/brownsville-yard-recycles-first-eu-flag-ship/

Cosco Opts To Dispose 10 Tankers

A number of tankers are being sent for scrap in 2021, with elevated demo rates proving very tempting. Cosco Shipping Energy Transportation recently announced its plans to dispose of 10 elderly tankers as part of its fleet optimisation program.

Cosco Shipping announced its plans to dispose of 10 elderly tankers as part of its fleet optimisation program, reports Splash 247.

About vessels to scrap

The vessels being disposed of are:

  • five VLCCs, 
  • three suezmaxes, 
  • one panamax and 
  • one handy tanker. 

The...

https://mfame.guru/cosco-opts-to-dispose-10-tankers/

Ship Owners Tempted To Take Advantage of the Strong Offer Demolition Prices

According to Clasrksons, scrapping activity to be driven this year by the accelerating ‘green transition’, says an article published in Splash 247.

Jumping prices

A busy start to the year, led principally by eager Bangladeshi yards, has seen prices jump above $450 per ldt with many owners now actively rethinking recycling plans to take advantage of the strong prices on offer.

“Now it seems a question of when not if we break through the $500 / ldt in the coming weeks,” brokers Thurlestone noted in...

https://mfame.guru/ship-owners-tempted-to-take-advantage-of-the-strong-offer-demolition-prices/

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