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147 Vessels Sent to Shipbreaking

So far this year 147 vessels have been sent to the shipbreakers for their steel to be recycled, Telegraph reported quoting new data from Braemar ACM shows. A record number of container ships have been scrapped this year as owners battle a perfect…
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Italian Shipping Owners Accused of Poor Shipbreaking Practices

Vehicles / Watercraft : MarineLink.com

Italian shipping companies Grimaldi Group, Ignazio Messina and Vittorio Bogazzi & Figli are facing strong criticism from the NGO Shipbreaking Platform for their poor shipbreaking practices.

Consigning ‘Teenagers’ to the Scrap Yards May Help Solve Chronic Boxship Overcapacity

Vehicles / Watercraft : gCaptain

By Mike Wackett (The Loadstar) – According to shipbroker Braemar ACM, as at the beginning of this week six container vessels, equating to 14,000 teu, had been sold for demolition, just ahead of the number of cellular ships that were...

Ship Demolition Prices Plunge

Vehicles / Watercraft : MarineLink.com

Scrap prices for dry-bulk ships plunged 13 percent in the past year as oversupply and unprofitable charter rates prompts owners to scrap vessels Shipbreakers paid

Shipowners Are Beaching Ships in Asia at a Blazing Pace

Vehicles / Watercraft : gCaptain

(Bloomberg) — Scrap prices for dry-bulk ships have plunged 13 percent in the past year as oversupply and unprofitable charter rates prompt owners to demolish vessels at a record pace. Shipbreakers [...]

South Asian Scrapyards Need To Improve Shipbreaking Practices, NGO Says

Vehicles / Watercraft : gCaptain

A new report by NGO Shipbreaking Platform reveals that more than 60% of 768 ships sold for scrap last year were broken on the beaches of India, Pakistan and Bangladesh, where ship owners have to improve shipbreaking practices. The s...

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