Lila Global Scraps Capesize Bulker : Marking First of 2024 and Highlighting Resurgent Pakistani Ship Recycling Dubai-based shipping company Lila Global has made history as the first shipowner to scrap a capesize bulker this year. This marks a significant development in the ship recycling industry, particularly for Pakistan, which is [...]
World’s leading cash buyer for ships for recycling GMS predicted that, Global Shipping Market Faces Challenge In its latest weekly report, the Global Marketing System (GMS) sheds light on the prevailing anxiety and uncertainty within the ship-owning community, particularly among those with vessels navigating or passing through shipping lanes currently [...]
Dr. Anil Sharma Commends Pakistan’s Pioneering Move to Join the Hong Kong Convention for Safe Ship Recycling GMS, the leading purchaser of ship and offshore assets for recycling, extends warm congratulations to the Government of Pakistan for officially joining the Hong Kong International Convention for the Safe and Environmentally Sound [...]
Ship Reycling : Now Pakistan joined HKC Pakistan recently joined the ranks of nations committed to environmentally responsible ship recycling by becoming a party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (Hong Kong Convention). This significant move was formalized when Vice [...]
IMO Seminar Highlights Global Commitment to Safe and Eco-Friendly Ship Recycling The recent conclusion of the International Maritime Organization (IMO) National Seminar on Hong Kong Convention Ratification and Implementation in Karachi marked a pivotal moment for Pakistan’s maritime and environmental sectors. This three-day event brought together key stakeholders, experts, and [...]
Ship Recycling : Pakistan’s Bid to Join the Hong Kong Convention. Vice Admiral (retd) Iftikhar Ahmed Rao, the Special Assistant to the Prime Minister (SAPM) on Maritime Affairs, revealed on Wednesday that the government is actively working towards ensuring Pakistan’s accession to the Hong Kong Convention (HKC). He expressed optimism [...]
Ship Breaking Industry Sail Through Diwali Festivals Anticipation: A Week of Positive Trends The shipbreaking industry has witnessed positive developments in the past week, marked by the Bahri week in Dubai and the anticipation of Diwali holidays. In this overview, we delve into the insights provided by shipbroker Clarkson Platou [...]
Green Recycling and Regulatory Fog: Charting the Course for Ship Recycling’s Future The ship recycling industry is facing unprecedented challenges, creating an uncertain landscape for the market, according to Sanjiv Agarwal, the director of a prominent ship recycling facility in Alang, India. He notes a significant decline in demand and [...]
GMS, the world’s largest buyer of old ships, states that no ships have been brought to the shore in Gadani, Pakistan since January. The main reason for this was the Central Bank’s reluctance to provide necessary financial guarantees, especially for larger ships. However, end buyers are expecting few ships in [...]
