Sailing the Seven Seas

Have you ever thought about the first journey of a ship, her maiden voyage from the shipyard to its owner?

COSCO Shipping International Scraps Six Bulkers

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

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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 ...

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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 ...

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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, ...

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Conbulk Sells Two Boxships for Scrap

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

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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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