Ship recycle

GMS: Tensions Ripple Through Ship-recycling Market

  • The global ship recycling market faces significant challenges.
  • Increasing magnification into local markets proved to be a reality check via the ongoing lack of tonnage.

The ship recycling market is facing significant challenges, affecting tonnage availability and pricing trends, reports Safety4sea, according to GMS’ latest weekly ship-recycling report.

Ship recycling market faces significant challenges

As war increasingly rips through the seams across Middle Eastern borders and news of even...

https://mfame.guru/gms-tensions-ripple-through-ship-recycling-market/

MSC Scraps Ships, But Overcapacity Remains

Credits: Venti views/Unsplash
  • MSC is to scrap a containership for the first time in nearly four years, as demolitions in the sector continue to rise amid the lacklustre freight market.
  • VesselsValue said last month was the most active scrapping since July 2020, with all the box ships recycled so far being built in the 1990s.

MSC joins ship-scrapping spree, but overcapacity still a prospect, states a Loadstar news source.

1986-built, 1,911 teu MSC Floriana

Linerlytica reported yesterday that the...

https://mfame.guru/msc-scraps-ships-but-overcapacity-remains/

Global Merchant Fleet Surpassed $1trn This Month

The value of the global merchant fleet has surpassed $1trn this month on the back of surging secondhand prices in the containership and dry bulk segments, according to new research from Clarkson Research Services.

Secondhand Price Index

Clarksons’ overall secondhand price index has risen by 33% since September last year to a seven-year high. As of this morning, the global merchant fleet trading today is valued at $1.042trn, according to the world’s largest shipbroker.

It is in the container sector...

https://mfame.guru/global-merchant-fleet-surpassed-1trn-this-month/