Demolition Market – Page 2 – Capital Link Shipping Portal

Demolition of Product Tankers on Pace to Break 11-Year Record

Unfavorable freight rates in the oil product market coupled with an uncertain outlook and strong demand for steel are driving the demolition rate for product tankers toward record levels according…

Eliza TerzidiMay 13, 2021

Demolition Market Industry News S&P/Newbuilding Market

Shipping Ministry is Framing Rules for Recycling Vessels

Shipping Ministry is making rules for the ship recycling industry – which is at present at 4.5 million tonne per annum (mtpa) capacity and is expected to double by 2024.…

Eliza TerzidiFebruary 15, 2021

Demolition Market Industry News

Further Progress Towards Greener and Safer Ship Recycling in Bangladesh

Good progress towards greener and safer ship recycling in Bangladesh has been reported during the annual meeting for the IMO-Norway-Bangladesh project on "Safe and Environmentally Sound Ship Recycling in Bangladesh…

Eliza TerzidiJuly 13, 2020

Demolition Market ESG/Sustainability Industry News Shipyards

India: Recycling of Ships Bill Becomes an Act

The Recycling of Ships Bill 2019 for safe and environmentally sound recycling of ships in India has become an Act after receiving the assent of President of India. The government…

Eliza TerzidiDecember 24, 2019

Demolition Market ESG/Sustainability Industry News Shipyards

India accession brings ship recycling convention a step closer to entry into force

India, one of the world's five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship…

Eliza TerzidiNovember 29, 2019

Demolition Market Industry News Shipyards

Older tonnage could headed to scrapheap ahead of the IMO 2020

A sudden surge has been seen in scrapping enquiries after months of benign activity in the sector, although some reports continue to claim that the numbers of demolition enquiries were…

Eliza TerzidiNovember 26, 2019

Demolition Market Industry News Shipyards

For Ship Recycling, Grieg (Goes) Green

In May 2014 National Geographic wrote an in-depth article on shipbreaking operations in Bangladesh where they listed shipbreaking as one of the deadliest professions in the world. The images from…

Eliza TerzidiNovember 13, 2019

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