Category: Shipbreaking
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GMS pushes EU to recognise India’s ship recycling capacity
GMS pushes EU to recognise India’s ship recycling capacity GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR). Over 110 Indian yards already hold Hong Kong Convention…
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NGO Shipbreaking Platform urges EC to recognize circular value of ship recycling
NGO Shipbreaking Platform urges EC to recognize circular value of ship recycling Ship recycling can play an important role in decarbonizing the European steel and construction sectors, according to the NGO Shipbreaking Platform’s new position paper. The post NGO Shipbreaking Platform urges EC to recognize circular value of ship recycling appeared first on Offshore Energy.…
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LNG scrapping sets annual record
LNG scrapping sets annual record LNG carrier demolition sales have already reached an annual record with nearly 30% of the year still to go. Data from Clarksons Research show 0.8m dwt worth of LNG carriers have been sent for demolition this year as weak market conditions have led to several steam turbine units being disposed…
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Neutralising the boxship orderbook would require scrapping every pre-2010 vessel
Neutralising the boxship orderbook would require scrapping every pre-2010 vessel The tremendous, record volume of container newbuildings due to enter the market in the coming years will require a huge swathe of the box fleet to be scrapped, something that is not happening at present. Splash’s lead story yesterday carried data from Linerlytica suggesting the…
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Global ship recycling rules go live with Hong Kong Convention
Global ship recycling rules go live with Hong Kong Convention As of today, June 26, the Hong Kong International Convention for the safe and […] The post Global ship recycling rules go live with Hong Kong Convention appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force
Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force Just weeks ahead of the entry into force of the Hong Kong Convention (HKC) […] The post Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force appeared first on Offshore Energy. Sara Kosmajac Go…
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Nearly 60 LNG carriers stand idle
Nearly 60 LNG carriers stand idle The depressed liquefied natural gas (LNG) carrier sector sees nearly 60 vessels, according to data from Clarksons Research. In a striking sign of shifting market fundamentals, shipowners—particularly in South Korea—have begun sending older, less efficient LNG carriers to the scrapyards in increasing numbers. According to leading shipbroker Clarksons, four…
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Flag-hopping undercuts EU ship recycling guidelines, European Commission found
Flag-hopping undercuts EU ship recycling guidelines, European Commission found The EU Ship Recycling Regulation (SRR), in place since 2018, has largely met its […] The post Flag-hopping undercuts EU ship recycling guidelines, European Commission found appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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MSC urged to align operations with global standards amid environmental violations
MSC urged to align operations with global standards amid environmental violations One of the world’s largest container shipping companies, Switzerland’s Mediterranean Shipping Company (MSC), has […] The post MSC urged to align operations with global standards amid environmental violations appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz