Archive for the ‘Ship Demolitions’ Category

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

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