The ship recycling industry plays a crucial role in the global maritime sector, facilitating the sustainable disposal and reuse of aging vessels. However, the industry has long faced environmental and human rights concerns due to unregulated practices in some regions. In response to these issues, the International Maritime Organization (IMO) [...]
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 [...]
Ship breaking, the process of dismantling end-of-life vessels for recycling and reuse, is an essential aspect of the maritime industry. However, traditional ship breaking methods have long been associated with environmental hazards, human safety concerns, and inefficient practices. In recent years, the industry has been undergoing a transformative shift, embracing [...]
AP Moller-Maersk, a global logistics company valued at $81.5 billion, has revealed that only a few shipbreaking yards in Alang adhere to human rights and environmental protection standards. These yards are situated in Gujarat, particularly at Alang, which is Asia’s largest shipbreaking yard. Unfortunately, most yards in Alang do not [...]
As the maritime industry continues to evolve, the practice of ship recycling has gained increased attention due to its environmental, economic, and safety implications. Over the next decade, the landscape of ship recycling is expected to undergo significant changes, driven by technological advancements, regulatory shifts, and growing sustainability concerns. This [...]
Ship recycling, also known as ship breaking, is a crucial industry that deals with dismantling end-of-life vessels and recycling their components. Among the various regions globally, South Asian countries, including India, Bangladesh, and Pakistan, have emerged as popular destinations for ship recycling activities. This phenomenon is primarily due to a [...]
Alang ship recycling weekly position as on 20th August 2023 [...]
Alang ship recycling weekly report as on 13th August 2023 Ship recycling : Weekly ship recycling market report by BEST OASIS : notable increase in buying interest Ship recycling : Government is trying best to get back derailed industries [...]
The International Energy Agency (IEA) projects that global oil demand will reach unprecedented levels and average 102.2 million barrels per day (bpd) in 2023,propelled by summer air travel, robust Chinese petrochemical activity, and increased petroleum use for power generation. According to the agency’s Oil Market Report (OMR) for August, global [...]
Alang ship recycling position as on 6th August 2023 Ship recycling market report by BEST OASIS Limited 5th August [...]
