Maersk’s MoU with Bahrain: A Potential Shift in the Ship Recycling Landscape? Maersk, a global shipping giant, recently signed a Memorandum of Understanding (MoU) with Bahrain to explore and establish a sustainable ship recycling facility in the Kingdom. This move has sparked discussions about the potential impact on Alang, India, [...]
Bahrain Sets Sail for Sustainable Ship Recycling with Maersk Partnership Bahrain is making a splash in the world of ship recycling with a groundbreaking initiative focused on sustainability. This project, the first of its kind in the kingdom, is a collaborative effort between the Bahraini government, A.P. Moller-Maersk (Maersk), and [...]
Unveiling the Global Ship Breaking and Recycling Market: Insights and Forecasts This report dives deep into the vast landscape of the global Ship Breaking and Recycling Market. It offers a comprehensive analysis of historical sales data (2024) alongside detailed forecasts for the coming years (2024-2031). Unveiling Market Dynamics The report [...]
Ship Recycling: The Indian market facing vessel shortage undermines buyers’ competitiveness The ship recycling industry faced a challenging landscape this week. In India, the market is experiencing a significant downturn, with minimal demand and a shortage of vessels, leading to a standstill in new deals and weakening international competitiveness. In [...]
Ship Recycling Regulations: A Greener Future for End-of-Life Vessels This article, based on Captain Akshat Arora’s presentation at the 2024 GREEN4SEA Singapore Forum, dives into the world of ship recycling regulations. As the focus on maritime decarbonization intensifies, with stricter regulations targeting greenhouse gas emissions, older, less efficient ships are [...]
Alang Ship Recycling Position as on 24th June 2024 [...]
Indian Ship Recycling Industry Set for a Rebound: Up 15% Growth Expected The Indian ship recycling industry is expected to see a significant turnaround after two years of decline. Analysts predict a growth of nearly 15% in revenue this fiscal year, following drops of 22% and 8.5% in the previous [...]
Alang Ship Recycling Position as on 2nd June 2024 [...]
Alang Ship Recycling Industry Sees Hope in May Arrivals Alang, a town in Gujarat known for its massive ship-breaking yards, has witnessed a glimmer of hope in May 2024. After a prolonged period of sluggish activity, 12 ships weighing a total of 74,735 metric tons (MT) arrived for dismantling during [...]
As summer and the monsoon season approaches, the ship recycling markets in Turkey and the Indian subcontinent have been experiencing a firming trend. Pakistan, although still relatively stable, has shown signs of saturation after a period of substantial intake of vessels. Despite surpassing last year’s recycling volumes with three new [...]
