Tag: ship- recycling

Swiss Re Corporate Solutions joined the Ship Recycling Transparency Initiative, which calls for greater transparency and responsible ship recycling.

Minister of Transport in Canada announced that the funding of $ 200,000 has been granted to the Innovation maritime organization for the design of recyclable vessels.

Nobody is happy about IHM-compliance, but is a legal requirement which requires transparent and knowledge-based approaches for maritime suppliers and shipowners. The processing and handling of huge number of documents over decades requires trusted partners and a digital tool, highlights Henning Gramann, CEO at GSR Services GmbH.

Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year, as Chief Shipping Analyst at BIMCO, Peter Sand explained. Namely, the year 2021 has been tough on crude oil tanker freight rates across the board so far. As a result, the industry buzz has been all about large scale scrapping of tankers, but so far, it has been all talk and very little walk, as the second-hand market has proved a much-preferred alternative. According to data from Clarksons, although demolitions are up from the start of last year, only two shuttle tankers and two Aframax crude oil carriers (0.45m DWT) have been confirmed demolished in the first two months of 2021. This is significantly down from the 1.1m DWT of crude oil tanker capacity that left the market in December 2020. Despite the widely disappointing crude oil tanker freight rates at the start of 2021, owners appear to be in no hurry to reduce the cargo carrying capacity in the market by selling ships for demolition. ...says BIMCO’s Chief Shipping Analyst, Peter Sand. In fact, Mr. Sand explained that the attractiveness of scrap steel prices around USD 450 per ltd. offered by ...

The US now havs a shipyard capable of recycling ships according to European Union standards. Namely, International Shipbreaking received EU Ship Recycling Regulation (EU SSR) accreditation for its site in Brownsville, Texas.

Croatia became the latest country to accede to Hong Kong Convention, the IMO's treaty for safe and environmentally-sound ship recycling. Now, the 16 contracting states to the Convention represent approximately 29.58% of the gross tonnage of the world's merchant shipping.

UK Maritime and Coast Guard Agency issued a marine notice to inform owners, ship operators and managers about the latest updates on approved ship recycling facilities.

Two workers have lost their lives at two separate Turkish ship recycling yards in the last four months, data provided by NGO Shipbreaking Platform suggests. Both yards are included in the EU List of approved ship recycling facilities, so the Platform called on EU to investigate both. 

Standard Club reminds that UK flag ships of 500GT and over are advised that from 1 January 2021, the UK Ship Recycling Regulation (UK-SRR) retains the requirements of the EU Ship Recycling Regulation 1257/2013 (EU-SRR) in UK domestic legislation.

The ship recycling capacity of India is expected to be doubled by 2024, with India trying to bring more ships from Europe and Japan. Following the announcement of the Indian Union Budget by the Indian Finance Minister, Mr Rohit Agarwal, Managing Partner at GUIDESHIP CONSULTING SERVICES LLP, explains what this means for the Indian ship recycling sector. The budget is good on intent, Mr Agarwal says, however the key is an efficient execution in a time-bound manner.