Poor bulker markets have pushed owners to scrap 20 Capesize bulkers so far this year.
https://worldmaritimenews.com/archives/292065/20-capesize-bulkers-scrapped-already-in-2020/
Poor bulker markets have pushed owners to scrap 20 Capesize bulkers so far this year.
https://worldmaritimenews.com/archives/292065/20-capesize-bulkers-scrapped-already-in-2020/
Norway’s national economic crime unit (Okokrim) has raided the local office of Bermuda-based shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency informed. However, the company denies any wrongdoing.
Authorities had carried out a search of Teekay Shipping Norway’s office in Stavanger on Tuesday, questioned witnesses and “seized potential evidence, Maria Bache Dahl, senior public prosecutor with Okokrim, told Reuters.
The company is suspected of illegal...
https://safety4sea.com/norway-raids-teekay-offshore-over-suspicions-of-illegal-waste-export/
Mixed fortunes for box ship owners as the year ends and a greener era looms, reports The Loadstar.
Container market on a mixed noteThe containership charter market is ending 2019 on a mixed note, according to Alphaliner’s final analysis of the year.
“Larger vessels of 5,500 teu and over continue to benefit from a tight supply environment with continuously firm charter rates,” said the consultant.
Furthermore, it said that “the persistent lack of tonnage in these sizes” would bode well for owners,...
http://mfame.guru/containership-charter-market-experience-an-assorted-year/
The containership charter market is ending 2019 on a mixed note, according to Alphaliner’s final analysis of the year.
“Larger vessels of 5,500 teu and over continue to benefit from a tight supply environment with continuously firm charter rates,” said the consultant.
Furthermore, it said that “the persistent lack of tonnage in these sizes” would bode well for owners, especially when demand picked up again next year.
“By contrast,” said Alphaliner, “the situation …
The post Mixed fortunes for...
https://theloadstar.com/mixed-fortunes-for-box-ship-owners-as-the-year-ends-and-a-greener-era-looms/
A lack of demolition activity has been one of the key developments in tanker supply this year.
https://worldmaritimenews.com/archives/286221/gibson-tanker-scrapping-to-remain-low-during-winter/
The Norwegian Maritime Authority charged a Singapore company with NOK 7 million for violating the Pollution and Criminal Code after it attempted to sail the ship Harrier for illegal scrapping.
The fine has already been paid since Wirana Shipping CPL had provided financial security for the ship as decided by the Oslo District Court when the ship was to sail from Norway in July 2018. The vessel was dismantled at a Turkish yard in 2018.
In 2017 the ‘Tide Carrier’, today known as ‘the Harrier’ was...
https://safety4sea.com/norway-issues-767000-fine-on-shipping-company-for-illegal-scrapping/
Scrapping activity is to rekindle due to IMO’s Ballast Water Management Convention.
The number of containerships scrapped in 1H 2019 rose by 379 percent, compared to 1H 2019.
According to VesselsValue, in the first six months of 2019, 201 cargo vessels were sold for demolition, 75% were scrapped in Bangladesh or India, with the former having the majority share. In comparison to 2018’s first six months, scrapping decreased by 18%.
The scrapping decrease was also affected from the collapse of the Brumadinho dam in January.
Also, the demolition rates increased later into the first half as the tonnage supply became more scarce and yard availability and appetite grew. H1...
https://safety4sea.com/scrapping-decreases-by-18-during-2019s-h1/
Namely, the report highlights that from the total 374 ships that were broken in the first half of 2019, 156 were broken in Bangladesh, leading to significant damages to both human health and the environment.
In fact, the number of ships broken in the first half of 2019 has increased by...
https://safety4sea.com/bangladesh-the-preferred-choice-for-ships-scrapping/