Athens-based Euroseas has sold a 72,119-dwt dry bulk carrier for scrap, and took delivery of a secondhand 1,645-teu feeder boxship.
An explosion at a Pakistani shipbreaking yard that claimed the lives of more than two dozen workers is believed to have been caused by sizable amounts of smuggled oil that caught fire, local reports said.
Box Ships Inc has sent a 10-year-old panamax boxship to the scrapyard, way ahead of the typical 25-year operational lifespan of a ship.
Thoresen Shipping Singapore (TSS) has sold a 1994-built dry bulk carrier at a price of $2.72m to the scrapyard.
Alang-based Leela Ship Recycling has become the first ship recycling facility in South Asia to receive the Social Accountability certification, as per SA8000 standards.
Container vessels of just seven to eight years old could be potential scrap candidates amidst the severely oversupplied market, according to cash buyer Wirana Shipping Corporation.
Bangkok-based Precious Shipping has continued to dispose of more elderly tonnages by sending one more to the scrapyard, following the sale of a pair earlier this week.
Bangkok-based dry bulk shipowner Precious Shipping has sold two elderly bulk carriers to the demolition yard for a total price of $2.42m.
Bangkok-based Precious Shipping has sent one elderly handysize bulk carrier to the scrapyard at a price of $1.51m.