Ship recycling set to soar
Niels Rasmussen, chief shipping analyst at BIMCO, has been giving his attention to an expected spike in ship recycling numbers over the next 10 years, partly due to the shipping industry facing
ship scrapping
Scrapping: Tankers dominated 2021 demo numbers
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
Crowley joins Ship Recycling Transparency Initiative
Crowley Maritime Corporation has become the first U.S.-owned ship owner-operator that will publicly disclose its ship recycling policies, practices and process through the Ship Recycling Transparency Initiative (SRTI) website. It is the
Norwegian shipowner sentenced to prison for role in notorious scrapping case
George Eide, the Norwegian shipowner at the heart of a controversial ship scrapping case that first hit the headlines in 2017, has been sentenced to a prison term. Attempts to illegally export
Carnival Corporation commits to responsible ship recycling
Days after video surfaced showing the Carnival Fantasy being beached at a scrapping facility in Turkey, Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK) released details of its ship recycling plans. It said
Cash buyer of scrap ships fined in illegal export case
Singapore headquartered Wirana Shipping Corporation, of the world’s largest cash buyers of vessels for scrap, has accepted and paid a Norwegian penalty of NOK 7 million (about $764,000). The Norwegian Maritime Authority
Turkish ship recycler certified as Hong Kong Convention compliant
JULY 12, 2017 — Isiksan Ship Recycling and Trading Co. Ltd., Izmir, Turkey, has become the first Turkish ship recycling yard to be certified as having facilities in line with the requirements
Brownsville ship recycling yard has new owners and new name
MAY 2, 2017 – The Brownsville, Texas, ship recycling and scrap processing facility formerly known as ESCO Marine is reopening under new ownership. Hilco Redevelopment Partners, a unit of Hilco Global (Hilco),
NGO slams shipping industry’s scrapping choices
FEBRUARY 2, 2017 — According to NGO Shipbreaking Platform, last year saw 862 ships (27.4 million gt) dismantled worldwide, with 668 of them (23.8 million gt) being beached. India scrapped the most