Archive for the ‘Ship Demolitions’ Category

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

The Sustainable Shipping Initiative hosts 3rd annual Roundtable on Sustainable Ship Recycling

The Sustainable Shipping Initiative hosts 3rd annual Roundtable on Sustainable Ship Recycling
Ian Petty London – 1st March 2017 – The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, announced that it is holding its 3rd annual Roundtable on Sustainable Ship Recycling in Singapore today. The roundtable event will be...
March 1st, 2017 | Associations, Environment, Events, Conferences,Forums and Symposiums, Ship Demolitions | Read More

EU’s leverage & insurance policy on dirty shipping needed

EU’s leverage & insurance policy on dirty shipping needed
Brussels, 28 February 2017 – From dangerous emissions in ports to hazardous scrapping on South Asian beaches, European shipping companies pollute and put people’s health and lives at serious risk. In light of the ongoing European Shipping Week and the failure of the International Maritime Organisation...
February 28th, 2017 | Corporate Social Responsibility, Emissions, Environment, Health and Safety, Pollution, Ship Demolitions | Read More

Greener ship recycling: DNV GL to certify 50 IHMs for Norddeutsche Reederei

Greener ship recycling: DNV GL to certify 50 IHMs for Norddeutsche Reederei
A DNV GL HazMat Expert doing a visual check for pipe gasket sampling. Hamburg, 27 January 2016: DNV GL and Norddeutsche Reederei H. Schuldt have signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The...
January 27th, 2017 | Classification Societies, Environment, Health and Safety, Marine Equipment Products and Services, News, Regulatory, Ship Demolitions | Read More

Whither container shipping? IMIF is told of “reasons to be cheerful”

Whither container shipping? IMIF is told of “reasons to be cheerful”
Ian Webber delivering his slides speech Emerging trends in the benighted container shipping sector offer some grounds for optimism, the International Maritime Industries Forum heard at its latest meeting. Ian Webber, chief executive of Global Ship Lease Inc, discerned what he called some “reasons to...
January 18th, 2017 | Conferences, Seminars, Forums, Container shipping, Containers, Markets, Reports, Ship Demolitions, Ship Finance, Statistics, Stock Markets, Trade and Commerce | Read More

Initial EU ship recycling list shows clear need for global mind-set

Initial EU ship recycling list shows clear need for global mind-set
Patrick Verhoeven The European Commission recently published its first edition of the EU list of approved ship recycling facilities. At this stage, it only features yards situated in Europe and reaches under 30% of the EU’s own recycling capacity target. For ECSA, this demonstrates clearly that third...
January 13th, 2017 | Associations, European Union, Organisations, Ship Demolitions | Read More

Another catastrophic fire shakes Gadani shipbreaking yards

Another catastrophic fire shakes Gadani shipbreaking yards
(© Łukasz Wypior – Gadani, Pakistan, 2016) Fire on Greek ship raises death toll in Pakistan Brussels, 10 January 2017 – Five more shipbreaking workers were killed and one injured in yet another fire that took place in the shipbreaking yards of Gadani, Pakistan, yesterday morning. The...
January 10th, 2017 | Health and Safety, Maritime Accidents, Safety and Security, Ship Demolitions | Read More

2016: “A Year of Progress and Promise” for Ship Recycling Says GMS

2016: “A Year of Progress and Promise” for Ship Recycling Says GMS
Dr. Anil Sharma President and CEO of GMS, Dr. Anil Sharma, says significant and ongoing improvements at Alang recycling yards are a key highlight for 2016 and the EU has the opportunity to maintain this momentum for the betterment of our industry 15 December 2016, Dubai – The dramatic improvements...
December 15th, 2016 | Markets, Ship Demolitions | Read More

GMS Dubai Finalist at the Lloyd’s List Middle East & Indian Subcontinent Awards 2016

GMS Dubai Finalist at the  Lloyd’s List Middle East & Indian Subcontinent Awards 2016
Dr. Anil Sharma GMS Dubai shortlisted for the Maritime Services Award for its innovations in ship recycling & Sponsor of The Shipping Lawyer of the Year 2016 8th December 2016, Dubai – GMS Dubai, the world’s largest buyer of ships and offshore assets, was shortlisted for the Maritime Services...
December 8th, 2016 | Awards, Company Profiles, Person Profiles, Ship Demolitions | Read More

Markets and Geopolitics puzzle stakeholders

Markets and Geopolitics puzzle stakeholders
John Faraclas The BDI (Baltic Dry Index) closed up 86 points earlier on today after another Capers and Panamaxes unprecedented rally, but still, caution should be observed. The Geopolitical uncertainty will begin now to bite; John Faraclas’ daily Market Briefing: With 86 points plus the BDI ended the...
November 17th, 2016 | Banking, Conferences, Seminars, Forums, Energy, Environment, HR, Markets, News, People and Places, Ship Demolitions, Shipping Indices | Read More

Market volatility at its best; chaotic geopolitics ahead yet again…

Market volatility at its best; chaotic geopolitics ahead yet again…
John Faraclas The BDI (Baltic Dry Index) on …a falling, plus though modus, gained only 19 points since yesterday and now stands at 1,084 points; Geopolitical aspects – better say problems, following the USA elections begin to surface on all fronts; John Faraclas daily market recap: The Capers proved...
November 15th, 2016 | Dry Bulkcarriers, European Union, Events, Conferences,Forums and Symposiums, Immigration, Markets, Military, News, Organisations, Politics and Government, Reports, Ship Demolitions, Shipping Indices, Statistics, Tankers | Read More

GMS Maintains BVQI ISO 9001:2008 Certificate for Eleventh Consecutive Year

GMS Maintains BVQI ISO 9001:2008 Certificate for Eleventh Consecutive Year
Dr. Anil Sharma Continued certification underscores long-term commitment to international quality and environmental standards November 14th, 2016 – GMS, the world’s largest buyer of ships and offshore assets for recycling, has successfully maintained its Bureau Veritas Certification (BVC) ISO...
November 14th, 2016 | Classification Societies, Regulatory, Ship Demolitions | Read More

The BDI: every plus point matters in this geopolitical chaos…

The BDI: every plus point matters in this geopolitical chaos…
John Faraclas The BDI (Baltic Dry Index) closed six points higher since yesterday at 855 , the Geopolitical Chaos though goes from strength to strength and wonder if there is any Deus ex machina to save the day… John Faraclas weekly recap: At least the BDI gained 21 points since last week’s 834 points,...
November 4th, 2016 | Containers, Dry Bulkcarriers, Markets, News, Ship Demolitions, Ship Finance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Maersk ships scrapped in dangerous shipyards in Bangladesh

Maersk ships scrapped in dangerous shipyards in Bangladesh
The Producer – photo credit: S. Rahman A Maersk oil ship is just now being scrapped in a dangerous shipbreaking yard at the infamous Chittagong beach in Bangladesh. Danwatch can furthermore reveal that, in 2014 Maersk pressured its partner to send 14 container ships to Bangladesh and India for...
October 27th, 2016 | Environment, Health and Safety, News, Safety and Security, Ship Demolitions, Shipbuilding and Shipyards | Read More

Maersk mantains beaching mantra and chooses to ignore facts revealed by Danwatch

Maersk mantains beaching mantra and chooses to ignore facts revealed by Danwatch
(© S Rahman) Brussels, 21 October 2016 – After investigative journalists have revealed the severe short-comings of Maersk’s shipbreaking practices in Alang, India, the shipping giant blatantly disregards the findings. In an official statement, Maersk defends its new practice of breaking ships...
October 21st, 2016 | Health and Safety, Safety and Security, Ship Demolitions | Read More