Tag: ship- recycling

According to GMS’ latest weekly ship-recycling report, Indian sub-continent ship recycling markets enjoyed a ‘greater than expected’ degree of a post-Ramadan resurgence as vessel prices across the various destinations seemed to have concurrently enjoyed varying degrees of an uptick this week.

During the SAFETY4SEA Hamburg Forum 2024, Henning Gramann, CEO, GSR Services GmbH, gave a presentation focusing on the Inventory of Hazardous Materials (IHM). IHM is a document outlining all the existing hazardous material onboard ships.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the past eight quarters during which ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years.

According to GMS’ latest weekly ship-recycling report, whilst various port positions remained thinned out across the Indian sub-continent ship recycling waterfronts over recent weeks, many of the tired old complaints about poor & adverse market conditions (particularly in India) or those of an extremely malnutritioned spread of recycling tonnage that remains available for sale, continue to fall on deaf ears.

Liberia Maritime Authority issued a Marine Operations Note to provide information and practical guidance for shipowners, operators, recognized organizations and masters on a cost-efficient, streamlined and quality focused approach to the development and maintenance of inventories of hazardous materials (referred to as “the IHM”).

According to GMS’ latest weekly ship-recycling report, despite the occasional small(er) LDT candidate popping up for sale over recent weeks, there regrettably remains the ongoing scarcity of tonnage that is simply unable to fill the most basic of demands at the major ship-recycling destinations.

According to GMS’s latest weekly ship-recycling report, the ongoing & seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi & Pakistani ship recycling markets steady on the one hand.

According to GMS’s latest weekly ship-recycling report, it has remained a tranquilized week for the ship recycling market since their last report. 

According to GMS’s latest weekly ship-recycling report, as freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in.

According to GMS’s latest weekly ship-recycling report, in spite of Chinese New Year holidays having concluded over a week ago, the ongoing & unending lethargy that is permeating through global ship recycling markets is now being exclusively driven by the relentless & futile shortage of tonnage that is expected to continue until Spring.