Ship Demolition

Russia’s Oil Fleet Upgrades: Rust to Renewal

Credit: Trace Hudson/Pexels

The practice of using the world’s oldest and riskiest vessels to transport sanctioned oil is being challenged as an increasing number of tankers in the fleet become newer and safer, as published on GCaptain.

Scrutiny and Safety Concerns

Following Russia’s invasion of Ukraine, a significant number of ageing tankers were acquired by anonymous traders and investors to maintain the flow of Russian oil. These purchases, along with existing vessels transporting crude for...

https://mfame.guru/russias-oil-fleet-upgrades-rust-to-renewal/

Container ship demolition sales surge in January

The first month of 2023 was the busiest month for container vessel demolitions since July 2020, according to a recent VesselsValue report. A total of 13 boxhsips were sold for scrap in January, including four feedermax container ships and nine handy container vessels.

“All sales reported were on the smaller scale, with four feedermax vessels committed and nine handy container ships setting sail for their final voyage to be recycled in India,” reported VesselsValue.

The average age of the nine...

https://container-news.com/container-ship-demolition-sales-surge-in-january/

Demolition of Capesized Ship With 4,200 Cars To Be Wrapped Up

  • Salvage crews in early November began cutting apart the capsized Golden Ray.
  • A shipwreck the size of a 70-story office building with 4,200 cars within its cargo decks, they predicted the demolition could be wrapped up by New Year’s Day.
  • Months later, the job remains far from finished.
  • Both ends of the cargo ship have been cut away and carried off by barges in a pair of giant chunks.

A recent news article published in the VO News reveals that shipwreck teardown is in its fifth month and it is...

https://mfame.guru/demolition-of-capesized-ship-with-4200-cars-to-be-wrapped-up/

[FAQs] What Happens When a Ship Is Too Old To Sail?

Every ship owner should and will know what happens to a ship when it’s too old to sail anymore. An article published in Safety4Sea explains the same.

Let’s look at the possible scenarios in this article. 

What is a ship’s average lifespan?

The average lifespan of a ship is 25-30 years. After this span, the ship may become too expensive to operate, but most importantly, to become unseaworthy putting human safety at risk. 

What happens when it is too old to sail?

Let us explore all the possible...

https://mfame.guru/faqs-what-happens-when-a-ship-is-too-old-to-sail/

Weekly Vessel Scrapping Report – Week 43, 2020

Ship & Bunker, with the data from online maritime intelligence and information service VesselValue.com, has listed out the vessels put up for demolition in a recently published article.

The below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in the last week.

Demolition Sales October 22 – October 28, 2020

Sale DateSold NameVessel TypeBuilt DateSeller
27-10-2020T RenFERRY15-07-1990Elektrans Shipping Pvt Ltd

https://mfame.guru/weekly-vessel-scrapping-report-week-43-2020/

Weekly Vessel Scrapping Report – Week 35, 2020

  • Discovering an invoice while chasing, that has been already sold for scrap.
  • Demolition sales data from August 27 – September 2, 2020, is covered.

According to Ship & Bunker’s weekly vessel scanning report:2020 week 35.

Risk percentage

As a credit manager, the last thing you want to discover when chasing an invoice is the vessel you bunkered 4 weeks ago has just been sold for scrap. And today, the risk of that happening is greater than its ever been.

Demolition Information

To help keep on top of...

https://mfame.guru/weekly-vessel-scrapping-report-week-35-2020/

Ship Recycling Market Turns Volatile Amid Higher Pricing

  • Demolition activity has failed to maintain the gains, which came as a result of higher pricing enticing ship owners to allocate more tonnage for scrap.
  • The improvement in offered price levels has helped mount interest in the ship recycling market, with a considerable number of units being sent for scrap as of late.
  • The end of the summer break has helped activity ramp up as well, with further interest being expected during the last quarter.
  • After some mammoth gains over the previous weeks, a...

https://mfame.guru/ship-recycling-market-turns-volatile-amid-higher-pricing/

Weekly Vessel Scrapping Report – Week 31, 2020

The below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in the last week. Ship & Bunker, with the data from online maritime intelligence and information service VesselValue.com, has listed it out in a recently published article.

Sale DateSold NameVessel TypeBuilt DateSeller
27-07-2020MCC

Mergui

Alby

Handy

Container

07-04-1992Moller Maersk AS
20-07-2020MelodyHandymax25-08-1995DCT Shipping Ltd.
20-07-20...

https://mfame.guru/weekly-vessel-scrapping-report-week-31-2020/

Maersk’s 9,600 teu Container Ship To Set Demo Record

Maersk ships set container demolition records with its 9,600 teu ship Sine Maersk heading to Aliaga in Turkey for demolition, says an article published in Splash 247. 

Ships for recycling

Maersk ships continue to set container demo records. According to Alphaliner:

  • The 7,403 teu Kokura (Katrine Maersk) and Kawasaki (Kirsten Maersk), have only just arrived in India for breaking.
  • A lengthened and jumboised sister of this Odense-built type will soon become the largest-ever container vessel to be...

https://mfame.guru/maersks-9600-teu-container-ship-to-set-demo-record/

Merry- Making Cruise Ships Line-Up for Scrapping

  • The cruise industry is beginning a downsizing the likes of which have never been seen in the modern cruise business.
  • While other segments of the shipping industry have experienced significant downturns prompting the wholesale scrapping of vessels, cruise shipping up until now has been on a continuous growth path.
  • One of the challenges for the cruise lines will be to find buyers looking for cruise ships.
  • Many of the smaller cruise lines that were the traditional buyers for older ships went out...

https://mfame.guru/merry-making-cruise-ships-line-up-for-scrapping/