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Latest From Ship Recycling
The former workhorse of the container sector has fallen from grace in recent years. But the frantic container shipping sector is giving panamaxes one last hurrah before they head to the beaches
Scrapping rates passed $600 per tonne last week as scarce tonnage and rising local steel plate prices drive a surge in rates not seen since 2008
Demolition prices have doubled in the past year and are up 25% as compared with April this year. The supply of tonnage is increasingly centered around offshore units and tankers, especially smaller bunkering tankers, medium range tankers and aframaxes
Rising steel plate prices lifts rates to levels last seen in September 2008, just before the global financial crash
Greek Shipping Co-Operation chairman Haralambos Fafalios says decarbonisation is a paramount objective that needs to be considered hand-in-hand with safety
Spain becomes one of 17 countries that have joined the convention, representing almost 30% of gross tonnage
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