VLCC Scrapping Ramps Up as Pakistan Opens for Business

Owners continue to commit their Very Large Crude Carriers (VLCC) for recycling in an effort to bring some ease to the depressed market.

GMS: Uncertainty Looms over Pakistani Shipbreaking Yards

The decision to halt shipbreaking activities at Gadani yards in Pakistan has left many fearing for the fate of new arrivals and clearance permissions on existing deals, according to GMS, a cash buyer of ships for recycling.

Authority Revokes Gadani’s Ship Cutting Permissions

After the Pakistani shipbreaking market officially reopened following three high profile accidents, it was hit by another hurdle as the Environmental Agency in Gadani revoked all No Objection Certificates (NOCs) issued for recently beached vessels.

Five Dead in Fire at Gadani Shipbreaking Yard

At least five workers lost their lives and three to eight were reported missing after a liquefied petroleum gas (LPG) carrier ignited at Pakistan’s Gadani shipbreaking yard, according to NGO Shipbreaking Platform.

Höegh LNG Nabs FSRU Charter Deal in Pakistan

Floating energy solutions provider Höegh LNG has signed a long-term Floating Storage Regasification Unit (FSRU) contract with Global Energy Infrastructure Limited (GEIL) for the liquefied natural gas (LNG) import project in Port Qasim near Karachi, Pakist

Shipbreaking Activities to Restart at Gadani Yards

The activities at Pakistan’s Gadani shipbreaking yards are set to resume following an order by the High Court of Balochistan, NGO Shipbreaking Platform’s spokesperson said.

Qatargas Inks 20-Year LNG Supply Deal in Pakistan

LNG producer Qatargas has entered into a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL) to supply 1.3 tonnes of LNG per year to Pakistan for 20 years, with a possibility to increase this volume to 2.3 million