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A Glimpse of Hope for Alang Industry: Ship recycling Picks Up Pace in September

A Glimpse of Hope for Alang Industry: Ship recycling Picks Up Pace in September

The Alang coast, a significant hub for shipbreaking activities, witnessed a notable surge in ship arrivals during September, marking a promising turn of events for the local industry. In the current financial year, September emerged as a beacon of hope as 14 ships made their way to Alang, the highest [...]

Around the SHIPPING WORLD in 1 minute as on 23rd September 2023

Around the SHIPPING WORLD in 1 minute as on 23rd September 2023

(1) Turkey’s Growing Role in the Mediterranean Oil Trade Turkey has become a significant player in the Mediterranean oil industry, despite not having its own oil reserves, thanks to its crude oil exports. According to the latest report from shipbroker Banchero Costa, 2023 has been a positive year for the [...]

Ship recycling : Container ship tonnage expected

Ship recycling : Container ship tonnage expected

The ship recycling market is going through some changes, with more offers being made to ship owners recently. However, some shipyards are still waiting for more ships, especially container ships, to become available for recycling. According to a report from shipbroker Clarkson Platou Hellas, there has been an increase in [...]

Evergreen to sell 2 ships for recycling

Evergreen to sell 2 ships for recycling

Evergreen Marine Corporation, a major Taiwanese shipping company, has joined the trend of liner operators getting rid of older ships as the shipping market weakens. Last week, the company sold two vessels from 1998: the Ever Devote with a capacity of 4,211 TEU and the Uni Aspire with a capacity [...]

Ship recycling industries embrace cutting-edge technologies

Ship recycling, also known as shipbreaking, is a vital industry responsible for dismantling and disposing of old vessels at the end of their operational life. While this industry has often faced environmental and safety concerns, recent years have seen significant strides towards adopting the latest technologies to make ship recycling [...]

Ship recycling weekly market report by Best Oasis 4th September

World’s leading ship cash buyer for recycling, Best Oasis reported in their weekly ship recycling report that, India market is seeing an upward trend and accompanied by a notable increase in demand. Russia agreed with OPEC+ partners to reduce exports this week, which aligned with a decline in US crude [...]