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Ship Recycling

Set Alert for Lloyd's List Sectors :: Ship Recycling

Latest From Ship Recycling

The week in charts: Tanker scrapping flatters to deceive | Box data highlights pandemic pain | Suez stoppage shoots up freight rates

Tanker demolition numbers through the first quarter did little to raise hopes of reducing oversupply weighing on rates, while the latest official container volume data lays bare the initial impact of coronavirus on the industry

Containers Tankers and Gas

Tanker demolition fails to hit targets

Higher scrapping was expected to help cut the oversupply of tankers weighing on rates

International Tankers and Gas

Shipbreaking compensation case faces big hurdles despite appeal win

Key issue is limitation period in claimant’s domestic jurisdiction, lawyers argue

Asia Pacific Bangladesh

Seadrill writes down $2.9bn on rigs

Offshore driller Seadrill announced a $2.9bn impairment charge for last year after it filed for bankruptcy protection in Texas in February. The Fredriksen-controlled driller said demand would stay low this year, with some recovery in 2022

International Offshore

From scrapping to sanctions-busting

Vintage tankers sold to cash buyers for scrap are reborn in sanctioned trades, shipping Iranian crude to China via a network of subterfuge tankers

Asia Pacific Middle East and Africa

India’s ship recycling can help reduce carbon footprint of steel

For developing countries like India, steel is essential for growth and infrastructure development and ship recycling is one sustainable way to get steel without exploiting natural resources, according to Anand M. Hiremath, lead co-ordinator for cash buyer GMS’s sustainable ship and offshore recycling programme

India Ship Recycling
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