Ship recycling has plummeted to its lowest point in two decades as ships are kept in operation longer due to a combination of market shocks, strong demand, and low orderbooks,…
https://gcaptain.com/ship-recycling-plunges-to-lowest-level-in-decades/
Shipbreaking
Shadow fleet faces tricky path to the breaker’s torch
With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these sanctions-busting ships is proving hard. The 25-year-old Bradley aframax is now headed on its...
https://splash247.com/shadow-fleet-faces-tricky-path-to-the-breakers-torch/
UAE bans ship beaching in new recycling regulation
The United Arab Emirates (UAE) is introducing a comprehensive ship recycling regulation aimed at […]
The post UAE bans ship beaching in new recycling regulation appeared first on Offshore Energy.
https://www.offshore-energy.biz/uae-bans-ship-beaching-in-new-recycling-regulation/
Greener ship recycling options emerge
Greener ship recycling options are emerging in South Asia. The European Union is close to adding more yards in Alang, India to its list of approved recycling facilities with discussions ongoing. Moreover, a newly-minted EU agreement on waste shipments is set to remove a legal roadblock to make it...
https://splash247.com/greener-ship-recycling-options-emerge/
Norway’s Wealth Fund Rewards Two Companies for Cleaning Up Their Act on Ship Breaking
Norway’s $1.3 trillion wealth fund announced on Tuesday that it has lifted the exclusion of Thoresen Thai Agencies and ended its observation of Hyundai Glovis after both companies ceased the…
VesselsValue: Tankers lead the demolition charge
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped […]
The post VesselsValue: Tankers lead the demolition charge appeared first on Offshore Energy.
https://www.offshore-energy.biz/vesselsvalue-tankers-lead-the-demolition-charge/
Bangladesh poised to propel Hong Kong Convention into action with imminent ratification of the treaty
Bangladesh is expected to ratify the Hong Kong International Convention for the Safe and […]
The post Bangladesh poised to propel Hong Kong Convention into action with imminent ratification of the treaty appeared first on Offshore Energy.
BIMCO Predicts Unprecedented Surge in Ship Recycling
The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the next decade, with more than 15,000 vessels expected to be…
https://gcaptain.com/bimco-predicts-unprecedented-surge-in-ship-recycling/
Wreckdock sets sights on recycling up to 52 ships annually in its new facility
Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe […]
The post Wreckdock sets sights on recycling up to 52 ships annually in its new facility appeared first on Offshore Energy.
NYK sends end-of-life ship for green recycling to Bangladesh
In early March, Japanese shipping major NYK sent one of its vessels to PHP […]
The post NYK sends end-of-life ship for green recycling to Bangladesh appeared first on Offshore Energy.
https://www.offshore-energy.biz/nyk-sends-end-of-life-ship-for-green-recycling-to-bangladesh/