With large tanker earnings continuing at nightmare levels at a time when demand would be strengthening in a more normal market, commentators are turning their minds to possible solutions to excess tanker supply. Accelerated scrapping of older...
China Shipping Container Line (CSCL) has sold a pair of old container vessels for a combined scrap value of about RMB33.86m ($5.52m).
As of yesterday, Norway has become the first to sign up to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009.
An increase in ship demolition activities has seen oil tankers as young as 12 years old heading for the scrapyard, according to international shipbroker Braemar Seascope.
Brussels: The European Parliament today vetoed a proposed recycling toll on vessels calling at European ports, amidst criticism from prominent industry bodies.
Riyadh: The National Shipping Company of Saudi Arabia (Bahri) has sold one of its old general cargo vessels for scrap at a profit of SAR19.5m ($5.2m).