Archive for the ‘Ship Demolitions’ Category

Continued support for safe and sustainable ship recycling in Bangladesh

Continued support for safe and sustainable ship recycling in Bangladesh
.. The second phase of an IMO-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway. The two-year project will build on the first phase of the Safe and Environmentally Sound Ship...
December 13th, 2017 | Health and Safety, IMO, Ship Demolitions | Read More

The BDI@1,477: Dry Volatility continues… Wets: another enigma…

The BDI@1,477: Dry Volatility continues… Wets: another enigma…
John Faraclas The BDI (Baltic Dry Index) closed earlier on today at 1,477 points, up 19… The Geopolitical situation remind us of a Yellowstone situ…. WISTA-Hellas’ Annual Forum at the Athenaeum InterContinental more than a great success, as did the Chios Village Ladies’ Friends at their annual...
November 27th, 2017 | Academia, Alternative Sources of Energy, Associations, Banking, Charity, Chartering, Climate, Clubs, Communication, Conferences, Seminars, Forums, Consumers Market, Containers, Corporate Social Responsibility, Cruise Ferry, Dry Bulkcarriers, Emissions, Energy, Environment, Events, Fashion, Film Industry, HR, Immigration, Jewelry, Maritime Education and Training, Markets, News, Oceanology, Oil Spill, People and Places, Pollution, Press and Media, Reports, Safety and Security, Sales and Purchases, Ship Demolitions, Ship Finance, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

An enigmatic BDI should not fool us..

An enigmatic BDI should not fool us..
John Faraclas The BDI (Baltic Dry Index) closed earlier on today at 1,458, that is 25 points plus since yesterday thanks mainly to the Panamaxes and hooray hooray to the Supras. The Geopolitical crisis deepens in all fronts. John Faraclas’ recap: The Capers continued to fall; today they lost another...
October 12th, 2017 | Dry Bulkcarriers, Markets, News, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Statistics, Stock Markets, Tankers | Read More

DIANA announces sale of panamax “Melite”

DIANA announces sale of panamax “Melite”
ATHENS, GREECE, October 12, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary (the “Owners”), a Memorandum of Agreement to sell...
October 12th, 2017 | Dry Bulkcarriers, Marine Insurance, Markets, News, Sales and Purchases, Ship Demolitions | Read More

Atlantic Container Line steaming for sunshine

Atlantic Container Line steaming for sunshine
… Grimaldi Group’s subsidiary ACL illegally exports toxic waste to South Asia, while authorities are inert Read the release in Italian Brussels, 11 October 2017 – During the summer, the Swedish-flagged ATLANTIC CARTIER and ATLANTIC CONVEYOR, the two last G3 vessels operated by the...
October 11th, 2017 | Ship Demolitions | Read More

The BDI@1,405: a controlled correction…?

The BDI@1,405: a controlled correction…?
John Faraclas The BDI (Baltic Dry Index) and in general the markets do not surprise us at all with their performance and behaviour so far needless to say their volatility; the Geopolitics are so perplexed and enigmatic that either you consult …the oracle or use your own shipping business intuition...
October 6th, 2017 | Chartering, Conferences, Seminars, Forums, Containers, Dry Bulkcarriers, Events, Markets, Military, Oil Industry, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipbuilding and Shipyards, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Countering Volatility with the BDI@1,382

Countering Volatility with the BDI@1,382
John Faraclas The BDI (Baltic Dry Index) gained an unprecedented – for the period and time we go through, 62 points plus and now reads 1,382 points, thanks to the as ever volatile Capers who managed to …sky-rock today with 221 points. Geopolitics continue to deteriorate and as many ostracize,...
October 5th, 2017 | Conferences, Seminars, Forums, Dry Bulkcarriers, Energy, Environment, Markets, News, Reports, Ship Demolitions, Shipfinance, Shipping Indices, Stock Markets, Tankers, WISTA - Women in Shipping | Read More

NGOs mantain pressure on owners and scrap dealers of FPSO North Sea Produce

NGOs mantain pressure on owners and scrap dealers of FPSO North Sea Produce
The North Sea Producer beached in Chittagong – © NGO Shipbreaking Platform Brussels, 13 September 2017 – 16 August of last year the FPSO NORTH SEA PRODUCER was beached in Chittagong, Bangladesh. The ship was allowed to leave the UK based on the false promise that it would be further operationally...
September 13th, 2017 | Health and Safety, Safety and Security, Ship Demolitions | Read More

ClassNK paves the way for HKC verification expansion to South-East Asia

ClassNK paves the way for HKC verification expansion to South-East Asia
… Tokyo – Leading classification society ClassNK has completed the document review for a Ship Recycling Facility Plan (SRFP) submitted by Tsuneishi Ship Recycling (Negros), Inc. (TSRNI), verifying the facility to be in line with the Hong Kong International Convention for the Safe and Environmentally...
August 21st, 2017 | Classification Societies, Environment, Regulatory, Ship Demolitions, Technical, Technology | Read More

European Commission reports on feasibility of a financial instrument

European Commission reports on feasibility of a financial instrument
… NGOs urge that it is necessary to hold the shipping industry accountable Brussels, 11 August 2017 – The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week. Whilst it acknowledges...
August 11th, 2017 | Environment, Health and Safety, HR, Safety and Security, Ship Demolitions | Read More

Supply/demand improving but shipyards must still fight for survival, says MSI

Supply/demand improving but shipyards must still fight for survival, says MSI
Some major market indicators are better but yards remain underemployed and newbuilding and second-hand prices have not yet hit bottom  London, 02 August, 2017. After a painful decade in which the shipping industry has suffered from an unhealthy supply position, a sustained reduction in contracting...
August 2nd, 2017 | Markets, Reports, Sales and Purchases, Ship Demolitions, Statistics | Read More

Watch the Falling Market*

Watch the Falling Market*
John Faraclas The BDI (Baltic Dry Index) was on a falling mode – down 12 points since yesterday and now stands at 968 points; the Geopolitics continue to build up a warring atmosphere despite what the mass media and its cronies say. John Faraclas’ midweek recap: The Capers were down 15 points with...
July 26th, 2017 | Dry Bulkcarriers, European Union, Military, News, Organisations, Piracy and Terrorism, Politics and Government, Ship Demolitions, Ship Finance, Shipping Centers, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

European institutions call on EU to address decommissioning of floating oil and gas structures

European institutions call on EU to address decommissioning of floating oil and gas structures
… Brussels, 3 July 2017 – A joint event between the European Economic and Social Committee (EESC) and three Green Members of the European Parliament highlighted the paradox between the strict rules under OSPAR for the decommissioning of fixed oil platforms from the North Sea with the rules...
July 3rd, 2017 | Environment, Pollution, Ship Demolitions | Read More

The EU needs to tackle the issue of ship-breaking and pave the way for Europe’s recycling industry

The EU needs to tackle the issue of ship-breaking and pave the way for Europe’s recycling industry
Europe has the capacity and the technical know-how to repair and maintain vessels and oil and gas rigs. There is a strong business case for Europe to maintain and expand a specialised off–shore recycling industry. Many floating oil and gas structures need to be decommissioned in the coming years. Alongside...
June 30th, 2017 | European Union, Organisations, Politics and Government, Ship Demolitions | Read More

Intervention to Tackle Vessel Oversupply Not Viable or Needed, Experts Agree

Intervention to Tackle Vessel Oversupply Not Viable or Needed, Experts Agree
Dr Nikos Mikelis Panel, including leading economist Martin Stopford, concludes that shipping is not in a sustained crisis, but if cycle extends to 2021 it  will be longest on record LONDON, 14TH JUNE, 2017: A panel of shipping industry experts, including leading economist Martin Stopford, has disputed...
June 14th, 2017 | Conferences, Seminars, Forums, Markets, Ship Demolitions, Shipping Indices | Read More

The BDI@818: Mild losses but losses. Warring global concerns and election enigmas in the UK…

The BDI@818: Mild losses but losses. Warring global concerns and election enigmas in the UK…
John Faraclas The BDI (Baltic Dry Index) was down three points earlier on today standing at 818 points; contained losses due to the 13 plus points of the Capers – could it be   “..13 for luck” per Agatha Christie’s famous book… Wonder! The BCI 2014 at 1,336 – the 13 plus points mentioned...
June 6th, 2017 | Dry Bulkcarriers, European Union, Markets, Military, News, Piracy and Terrorism, Politics and Government, Ship Demolitions, Shipping Indices, Short-sea shipping, Statistics, Trade and Commerce | Read More

Platform supports banks’ introduction of responsible ship recycling standards

Platform supports banks’ introduction of responsible ship recycling standards
Ingvild Jenssen Oslo, 30 May 2017 – Today, during the first day of NOR-Shipping in Oslo, Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian SEB and DNB, announced that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The banks took...
May 30th, 2017 | Environment, Oceanology, Oil Spill, Pollution, Ship Demolitions | Read More

The BDI@1,004: has the market …lost the plot?

The BDI@1,004: has the market …lost the plot?
John Faraclas The fall of all indices continued today with …no exemption; unless something spectacular happens, tomorrow we are going to see the BDI  (Baltic Dry Index) below the 1,000 mark. Geopolitics all over are in a mess. John Faraclas’ daily recap: With minus 30 points since yesterday  the...
May 4th, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Sales and Purchases, Ship Demolitions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Falling Markets and dangerous Geopolitics

Falling Markets and dangerous Geopolitics
John Faraclas The fall continued today both for the Dry and the Wets; the BDI (Baltic Dry Index) lost 13 points and now stands at 1,134. On the Geopolitical front things are getting all over Planet Ocean sour and let’s hope diplomacy is resurrected. John Faraclas’ daily recap: The Capers were the...
April 27th, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Mergers and Acquisitions, Military, News, Piracy and Terrorism, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

The fall continues; the BDI@1,154…

The fall continues; the BDI@1,154…
John Faraclas Another drop in the markets, both dry and wet amid continued geopolitical chaos and uncertainty; John Faraclas’ daily report: The BDI (Baltic Dry Index) lost another 16 points earlier on today and now stands at 1,154 points; a bit of a …contained fall. The Capers’ BCI 2014 lost...
April 25th, 2017 | Chartering, Dry Bulkcarriers, Markets, Military, News, Sales and Purchases, Ship Demolitions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

VIKING gaining ground in continued difficult market

VIKING gaining ground in continued difficult market
Henrik Uhd Christensen VIKING Life-Saving Equipment A/S is experiencing a moderate slowdown following several years of continuous growth. In a market affected by continued decline in two important segments, cargo vessels and offshore, revenue for 2016 totaled DKK 1.858 billion, compared to DKK 1.891...
March 20th, 2017 | Accountancy, Company Profiles, Health and Safety, Marine Equipment Products and Services, Safety and Security, Ship Demolitions | Read More

EU ship recyclers join voices to promote clean and safe practices

EU ship recyclers join voices to promote clean and safe practices
Ingvild Jenssen Brussels, 10 March 2017 – Five European ship recycling yards announced yesterday that they have joined forces to effectively raise awareness of existing best practice and the fact that there is capacity in Europe to properly recycle ships. The newly established European Ship Recyclers...
March 10th, 2017 | Environment, News, Ship Demolitions | Read More

Geopolitics and the shipping markets: stark warnings from John Faraclas at Propeller Club event

Geopolitics and the shipping markets: stark warnings from John Faraclas at Propeller Club event
Ken McLean, vice-president of the Port of London chapter of the New York-based Propeller Club and John Faraclas Geopolitics and the shipping market: stark warnings from John Faraclas at Propeller Club event by James Brewer Hidden currents – that is, hidden to the general public and even to some in...
March 7th, 2017 | Arctic Shipping, Canals, Clubs, Conferences, Seminars, Forums, Containers, Cruise Ferry, Dry Bulkcarriers, European Union, Events, Flags, Inland Waterways, Liner Shipping and Trade, Marine Insurance, Maritime Accidents, Maritime Tourism, Markets, Military, News, Organisations, People and Places, Piracy and Terrorism, Politics and Government, Salvage, Towage, Wreck Removals, Ship Demolitions, Shipping Centers, Shipping Indices, Tankers, Trade and Commerce | Read More

Intertanko chairman Nikos Tsakos addresses IMIF on state of the tanker sector

Intertanko chairman Nikos Tsakos addresses IMIF on state of the tanker sector
Dr Nikos P. Tsakos Operators of the global fleet of tankers have grounds for market optimism – although they should restrain any impulse to order more tonnage. This was the message from Nikos Tsakos, chairman of Intertanko, when he addressed a meeting of the International Maritime Industries Forum...
March 1st, 2017 | Conferences, Seminars, Forums, Energy, Environment, Events, IMIF, IMO, Intertanko, Markets, Sales and Purchases, Ship Demolitions, Ship Finance, Shipping Centers, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

Bangladesh ready for next phase to make ship recycling green and sustainable

Bangladesh ready for next phase to make ship recycling green and sustainable
IMO, the Government of the People’s Republic of Bangladesh and the Secretariat of the Basel, Rotterdam and Stockholm Conventions (BRS) have jointly implemented the 30-month “Safe and Environmentally Sound Ship Recycling in Bangladesh – Phase I” (SENSREC project). The Government of Bangladesh...
March 1st, 2017 | Associations, Health and Safety, Ship Demolitions | Read More