Demolition Activity Returns to Growth Mode

Ship owners have gone back to the scrapyards over the past couple of weeks, selling more overaged tonnage, in a...

206 Ships Were Sold for Demolition During the First Quarter of 2018

There were a total of 206 ships broken in the first quarter of 2018. Of these, 152 ships were sold to the beaches of South Asia for dirty and dangerous breaking [1]. So far this year, 10 workers have lost their lives and 2 workers have been severely injur

Demolition market headed for summer lull

After a few weeks of subdued activity, it seems that the ships’ demolition market has started to be active...

Conbulk Sells Two Boxships for Scrap

Greek shipping company Conbulk Shipping SA has decided to dispose of its two Handysize containerships, sending them to a shipbreaking yard in India and another unknown yard, VesselsValue’s data shows.

GMS: Ship Recycling Markets End 2016 on Stable Note

The international ship recycling markets have witnessed another roller coaster week and year, however, the industry concluded 2016 on an overall stable to positive note, according to a report from GMS, a cash buyer of ships for recycling.

BIMCO: Fleet Growth Squeezes Crude Oil Tanker Market

The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, which is equal to 24.3 million dwt during the period from January 2014 to October 2016, according to BIMCO.

BIMCO: Demolition Activity Rising Again

Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association