Tag: shipbreaking

According to GMS’ latest weekly ship-recycling report, the global market has experienced fluctuations following the recent U.S. presidential election.

In its latest quarterly publication, the NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan. In total, 96 ships were dismantled worldwide from July until September 2024.

According to GMS' latest weekly ship-recycling report, there is a decline in ship recycling activity in the Indian subcontinent. 

According to GMS' latest weekly ship-recycling report, the ship recycling market is facing significant challenges, affecting tonnage availability and pricing trends.

According to GMS' latest weekly ship-recycling report, following last week’s market headlines about the Middle East becoming a powder keg, this week saw that powder keg explode as dramatic events unfolded across the region.

The Ministry of Industries (MoI) has fined SN Corporation Shipbreaking Yard and ordered a three-month suspension of operations following a fatal explosion on September 7 that resulted in six deaths and injuries to six others.

According to GMS’ latest weekly ship-recycling report, as we venture past the 2/3rd mark for Q3 and welcome a September that clearly intends to deliver an expectedly subdued scenario across Macro and Micro ends, the unfolding present exhibits no indications of optimism for the near future.

On 7 September, around noon, an explosion occurred at a shipbreaking yard in Sitakunda, Chattogram, leading to a fire that killed two workers. On 7 September, around noon, an explosion occurred at a shipbreaking yard in Sitakunda, Chattogram, leading to a fire that killed two workers.

In this quarterly publication, the NGO Shipbreaking Platform informs about the shipbreaking industry in Bangladesh, India and Pakistan. In total, 127 ships were dismantled worldwide from January until March 2024. 

According to new data released by the NGO Shipbreaking Platform, 446 ocean-going commercial ships and offshore units were scrapped in 2023.