Unlocking the Potential of Ship Recycling: Navigating Challenges and Opportunities The overlooked sector of ship recycling holds the potential to play a pivotal role in the shipping industry’s journey towards decarbonization. However, despite this potential, the industry has faced challenges, particularly concerning the uncertainty surrounding the fuels needed to comply [...]
Waves of Change: A Deep Dive into the Dynamic Ship Recycling Market of 2023 and Projections for 2024 The ship recycling market has been a rollercoaster ride throughout the year 2023, experiencing significant volatility and marked by fluctuating trends across various locations. Best Oasis, a prominent cash buyer of ships, [...]
Beyond Ship Recycling: Leela Games 2023 Shines as a Beacon of Unity December 24th marked a significant milestone for Leela Worldwide as it proudly celebrated the successful conclusion of Leela Games 2023. This annual extravaganza, now in its fourth year, exceeded all expectations, witnessing a substantial increase in participation with [...]
Impact of Red Sea Crisis on Global Ship Recycling Market and Freight Rates In recent weeks, the global shipping industry has been grappling with the repercussions of the crisis in the Red Sea, leading to a surge in freight rates. This unexpected development is anticipated to influence ship owners’ decisions [...]
Alang ship recycling yard weekly position as on 9th December 2023 [...]
Alang Ship Recycling: A Worrying Trend of Decreasing Ship Arrivals In the 40th year since its establishment, the Alang Ship Recycling Yard is facing a significant decline in its once-thriving shipbreaking industry. Historical data reveals that at its zenith, Alang claimed a remarkable 60% share of the world’s shipbreaking activity. [...]
Alang ship recycling position as on 3rd December 2023 [...]
Alang ship recycling position as on 27th November 2023 [...]
Turkey ship breaking conditions worse than South Asian countries EU plans to initiate surprise inspection and audit The shipbreaking industry in Turkey may be facing conditions similar to or worse than the controversial shipyards in India, Bangladesh, and Pakistan, despite receiving approval from the European Union (EU), according to several [...]
Recycling Resurgence: Overcoming Festival and Holiday Slowdown in India Leading cash buyer for ships for recycling, Best Oasis in their weekly ship recycling report noted that, the festival and holiday caused a deceleration in recycling activities in India; this is anticipated to improve in the coming days. Regarding Pakistan, positive [...]
