WMN Is Now on Youtube

Check out the latest videos from our reporters.

Tanker Scrapping Key for Sustainable Market Recovery

tanker

Long-term recovery is highly dependent on removal of outdated capacity from the fleet through demolition.

read more →

Turkish Recyclers Fearful and Confused after Lira Collapse

shipbreaking

Turkish demolition market has been taken aback by the last week's fall of Turkish lira against the U.S. dollar.

read more →

Diana Containerships Sells Panamax for Scrap

Diana Containerships has reached a deal to sell its 2006-built vessel New Jersey for demolition.

read more →

Clarksons: Demolition Volumes to Remain at Elevated Levels

With a range of factors at play, recycling volumes are likely to remain at elevated levels in the medium term.

read more →

Clarksons: Recycling Market in Limbo

The ship demolition market is plagued by a high level of uncertainty leaving the market analysts in limbo when it ...

read more →

NGO: ACES Again on Fire at Gadani

Gadani’s shipbreaking plot no. 54 was sealed off on November 8 after a fire broke out on-board the ship ACES ...

read more →

Maersk Pembroke Sold for Green Recycling in Turkey

The Sub Panamax containership Maersk Pembroke has been sold for green recycling to a yard in Turkey, data from ...

read more →

COSCO Shipping International Scraps Six Bulkers

COSCO Shipping International (Singapore) sent six bulk carriers to the scrapyard in the first nine months of this ...

read more →

Diana Sends Bulker Grounded in July to Scrap

Greek shipping company Diana Shipping has decided to scrap its 2004-built vessel Melite which sustained damage to ...

read more →

Increased Crude Oil Tanker Demolition a Positive Sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of ...

read more →

Majority of Ships Still Scrapped in South Asia

A total of 128 end­-of-­life ships were sold for scrap to the South Asian beaches during the first quarter of 2017, ...

read more →

Conbulk Sells Two Boxships for Scrap

Greek shipping company Conbulk Shipping SA has decided to dispose of its two Handysize containerships, sending them ...

read more →

Ship Recycling Markets End 2016 on Stable Note

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

read more →

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%, ...

read more →

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 ...

read more →

Boxship Demolition Reaches All Time High

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

read more →

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 ...

read more →

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 ...

read more →

Precious Shipping Sells Another Ship for Scrap

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

read more →

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 ...

read more →

Demolition of Panamax Containerships Spikes

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

read more →