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Ship Recycling

Highlights
Modernized ship recycling facility - Leela yard.png
Recycling sales dry up as difficult fourth quarter dawns
Sep 27, 2022
With most shipowners faring well from firmer markets, recycling sales have almost petered out. Combined with serious depreciation in currencies and falling steel plate prices, the sector looks set for a grim fourth quarter.
MT Wolverine moored at ISL for recycling
First European-owned vessel recycled at yard in the US
Apr 26, 2022
As European owners struggle to find EU compliant ship recycling facilities an unexpected solution could come from the US where International Shipbreaking Ltd (ISL) has just completed processing its vessel from the region.
Modernized ship recycling facility - Leela yard.png
Demolition sales reported north of $700 per ldt
Apr 11, 2022
Recycling deals have been concluded at more than $700 per light displacement ton (ldt) last week, according to the latest weekly update from GMS, the world’s largest cash buyer of ships for recycling.
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