China Shipping Container Lines (CSCL) announced in a stock market announcement that it will be benefitting this financial year from government subsidies for the scrapping of older vessels.
Even the canniest of cash buyers and end users are having difficulty determining how much they should be offering for condemned tonnage at a time when there is no dearth of demolition candidates.
China’s shipbreaking industry is going through a loss-making year and the outlook remains grim due mainly to declining steel prices and high inventory, according to the ministry of industry and information technology (MIIT).
The beaches of South Asia received the majority of ships being sent for demolition during the third quarter, and several of these ships had their flags changed as their owners sought to sidestep their respective governing regulations on...
The environmental and human safety cost of ship recycling as well as the formulation of stringent new legislation that is putting additional pressure on shipyard operations around the globe will be addressed during a special session at Seatrade...