With the Hong Kong Convention (HKC) on ship recycling set to take effect this year, shipowners looking to scrap old tonnage will need to ensure compliance with stricter regulatory controls and inspection
After being accepted for processing in January this year, a 158 meter chemical tanker, the MT Wolverine has become the first EU-flagged ship to be recycled in the U.S. in accordance with
Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in a diverse demolition market. Last year saw 704
The world shipbuilding order book for dry bulk, container and tanker ships has reached its lowest point in 17 years. BIMCO says that COVID-19 has massively slowed contracting (down 50%), though deliveries
JANUARY 21, 2019 — Dutch shipowner Holland Maas Scheepvaart Beheer II BV, a subsidiary of WEC Lines BV has been fined EUR 780,000 and paid a settlement of EUR 2.2 million (a
MARCH 27, 2018 — VesselsValue reports that operators of offshore service vessels are beginning to scrap an increasing number of older vessels, with year-to-date scrapping rates increasing by 153 percent on the
MARCH 15, 2018 — Groningen, Netherlands, headquartered shipping company Seatrade has been fined for breaking the EU Waste Shipment Regulation by the illegal export of vessels sent for scrapping on the beaches
NOVEMBER 16, 2016—The implementation of the IMO Ballast Water Management Convention in combination with weakness in freight rates will increase tanker shipping demolitions, according to Tanker Forecaster, a quarterly analysis published by
NOVEMBER 7, 2016 —Containership demolition is at an all time high —creating what BIMCO calls “a positive surprise for the struggling container shipping industry. “ “The demolition activity in the last three
NOVEMBER 7, 2016 —Containership demolition is at an all time high —creating what BIMCO calls “a positive surprise for the struggling container shipping industry. “ “The demolition activity in the last three
