NGOs join local residents and First Nations in fight against toxic shipbreaking in British Columbia
Eighteen months have passed since local residents and K’ómoks First Nation (KFN) first raised concerns regarding scrapping operations at Union Bay, traditional unceded territory of First Nations within Baynes Sound, British Columbia, Canada. Now, the NGO Shipbreaking Platform joins them...
Demolition Report, June – October 2021
Using VesselsValue data, Joey Daly, Cargo Analyst, has analysed the trends and changes across the Demolition market in the latter half of 2021. This article looks at the fluctuating scrapping numbers for both Bulkers and Containers, which benefitted from a booming charter and S&P market, despite the rising scrap steel prices.
“Since the end of H1, there have been 163 Cargo vessels sold for demolition, a 4.5% increase on the same period in 2020 when 145...
https://allaboutshipping.co.uk/2021/11/12/demolition-report-june-oct-2021/
Platform publishes South Asia Quarterly Update #27
In this quarterly publication, the NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan. Providing an overview of accidents that took place on the beaches of South Asia and recent on-the-ground developments, including our activities, we aim to inform the public about the negative impacts of substandard shipbreaking practices as well as positive steps aimed at the realisation of environmental justice...
https://allaboutshipping.co.uk/2021/10/18/platform-publishes-south-asia-quarterly-update-27/
Record-breaking number of fatalities on the beach of Chattogram
| At least seven workers lost their lives while scrapping vessels on the beach of Chattogram in what is the worst quarter in terms of number of accidents in Bangladeshi shipbreaking history. Few weeks ago, seven separate accidents that killed five workers were reported by the Platform. Since then, two more fatalities occurred. On September 18, Liton Paul, 26 years old, fell from the ORO SINGA (IMO 9171838) during cutting... |
NGOs urge Greece and Bangladesh to stop illegal beaching of ferry
Yet another passenger ship is heading towards the shipbreaking beaches of South Asia, in clear violation of European rules that are aimed at preventing the trade of toxic waste from the EU to non-OECD countries.
The passenger/ro-ro vessel PRINCESS (IMO 7347548) illegally departed from Katakolon, Greece, in July and arrived on 22 August in Chattogram, Bangladesh, where is about to be beached. Despite the fact that...
IHM Maintenance Implementation for Designated Persons– NEW!! – Live Virtual Classroom
DNV’s Maritime Academy Hellas is offering on21 and 22 September 2021 (90:00 – 12:30), a course on IHM Maintenance Implementation for Designated Persons.
Part I of the IHM shall be properly maintained and updated throughout the operational life of the ship to reflect any new installations containing hazardous materials (referred to in Annex II of EU SRR) and relevant changes to the...
BIMCO’s Shipping Number of the Week: Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year lows. Despite this, crude oil tanker shipowners are not seizing the opportunity to reduce capacity and send less efficient units to...
NGO Shipbreaking Platform publishes South Asia Quarterly Update #26
In this quarterly publication, the NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan. Providing an overview of accidents that took place on the beaches of South Asia and recent on-the-ground developments, including our activities, we aim to inform the public about the negative impacts of substandard shipbreaking practices as well as positive steps aimed at the realisation of...
International shipbroker Simpson Spence Young shares mid-year outlook
| After more volatility in the first half of 2021, leading shipbroker Simpson Spence Young (SSY) analyses the last six months and highlights areas of particular interest in its mid-year outlook. The report looks at various drivers of the shipping markets, including the on-going impact of evolving emissions regulations. Contributions come from a range of senior research and broking experts and... |
VesselsValue – Half year review: S&P and values
Half Year Review: S&P and Values2021 to date has been one of the best years in recent memory for sale and purchase, with a rise in asset values experienced across most sectors.A combination of pent up demand following the easing of global Covid-19 restrictions and low asset values at the beginning of the year has led to a dramatic increase in both the number of transactions seen and asset values across the board.It is not just the secondhand market...
https://allaboutshipping.co.uk/2021/08/05/vesselsvalue-half-year-review-sp-and-values/