Classification society ClassNK has issued Statements of Compliance (SoC) to two ship recycling facilities in Gujarat, India, verifying that they are in line with the Hong Kong International Convention for the Safe and Environmentally Sound...

Methods ship-recycling remain a major area of controversy for shipowners as the ratification of the Hong Kong Convention continues to be an elusive goal.

China’s Zhoushan Changhong International Shipyard has taken in six 89,000 dwt semi-submersible drilling rigs from Swiss-based Transocean for demolition.

China Cosco Group has sold four ships last month as part of the group’s fleet renewal plan.

China Cosco Holdings has sold 14 ships to the scrapyard to pocket a total of RMB211m ($33.95m), but it booked a loss of RMB72m on the disposal.

More than half of the 262 vessels scrapped in the first quarter 2015 ended up on the beaches of South Asia, NGO Shipbreaking Platform has reported.

A subsidy on newbuildings announced by China in late 2013 to help the country’s shipping sector should be extended beyond its policy end date of 31 December 2015, according to Gao Yanming, chairman of Hebei Ocean Shipping Co (Hosco) Group.

China Merchants Energy Shipping (CMES) is planning to send eight elderly ships to the scrapyard as part of its ongoing fleet renewal programme.

Cash buyer Global Marketing Systems (GMS) recently took a Japanese delegation to see improved working conditions at Alang's shipbreaking yards, however, pressure group NGO Shipbreaking Platform believes there is much more work to be done.

German, Korean and Swiss shipowners top the list of those sending their ships to South Asian beaches for recycling in a study by presure group NGO Shipbreaking in 2014.