Computational Fluid Dynamics

Over just the past fifteen years, the use of Computational Fluid Dynamics (CFD) has become mainstream in ship design.

Ship Recycling Markets End 2016 on Stable Note

The international ship recycling markets have witnessed another roller coaster week and year, however, the industry ...

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BIMCO: Fleet Growth Squeezes Crude Oil Tanker Market

The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, ...

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Bulkers Account for Lion's Share of Scrapped Tonnage in 2016

Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions ...

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Boxship Demolition Reaches All Time High

The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive ...

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BIMCO: Demolition Activity Rising Again

Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of ...

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Interview: More Boxships Set to Join Scrap Markets in 4Q

As the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied ...

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Precious Shipping Sells Another Ship for Scrap

Bangkok-headquartered dry cargo ship owner Precious Shipping has disposed of another Handysize bulk carrier, MV ...

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South Asian Demolition Bounces Back with Rise in Prices

South Asian ship recycling market has experienced increased activity on the sales front last week, which was ...

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Demolition of Panamax Containerships Spikes

Demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of ...

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BIMCO: Demolition Spree Hits Standstill Due to Rise in BDI

Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive ...

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Stolt Tankers Sells Two More Ships for Scrap

Norwegian tanker owner Stolt Tankers, a tanker shipping arm of Stolt-Nielsen Limited, has sold two handy chemical ...

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Containership Scrapping to Pick Up in 2016

Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound ...

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Greeks Scrapped Most Bulkers in 2015

Greek shipowners have been the most active in scrapping of dry bulk tonnage this year, according to the data ...

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2015 on Track to Break Record in Dry Bulk Scrapping?

The 2015 appears to be running on a path toward becoming another record year in the dry bulk demolition activity. ...

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Global Bulker Fleet to Be Cut by 30 Mln DWT in 2015

Devastating market conditions in the dry bulk shipping market are expected to send 30 million DWT for demolition ...

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CMES Sends Eight Ships to Scrapyard

State-backed shipping giant China Merchants Energy Shipping (CMES) said it was going to scrap eight more of its ...

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BIMCO: 2014 Was Tough for Demolition Market

Declining prices have made 2014 a very hectic year for the demolition market as less DWT and fewer TEUs were ...

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South Asia Still Preferred Dumping Ground

Out of a total of 1026 ships dismantled globally in 2014, 641, representing 74% of the total gross tonnage (GT) ...

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CSDC Scraps Ten Bulkers

CSDC Scraps Ten Bulkers

China Shipping Development Co (CSDC) has decided to retire and scrap ten ageing bulk carriers as part of the ...

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Chinese Shipbreakers Bracing for Another Blow

Chinese shipbreakers are heading for a another downturn as domestic scrap prices plunge to record lows, Platts said ...

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Clarksons: Tankers Had Lower Life Expectancy than Bulkers

The tanker fleet has phased out quite rapidly, according to the latest Clarksons’ review on demolition of ...

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