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Ship Recycling

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

Latest From Ship Recycling

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

World boxship fleet update: Tonnage providers return to yards

Carriers have been focusing on buying replacement tonnage as their fleets age, but it has mainly been for ultra-large vessels. The low orderbook and need for more capacity is drawing tonnage providers back to the market

International Containers

India to double ship recycling capacity by 2024

The intention to bring more end-of-life ships from Europe and Japan for recycling in India is laudable, but additional steps are required to achieve this aim, says lead co-ordinator for GMS’ sustainable ship and offshore recycling programme Anand M Hiremath

India Regulation

The week in charts: Freight derivative trading at 12-year high and tanker scrapping rebound

The appetite for tanker and dry bulk forward freight agreements has risen significantly off the back of geopolitical uncertainty and the pandemic, while scrapping prices for tankers are tipped to rebound

Containers Dry Bulk
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