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Shipbreaking in Union Bay: Controversy and Environmental Concerns

Shipbreaking in Union Bay: Controversy and Environmental Concerns

Shipbreaking in Union Bay: Controversy and Environmental Concerns A global coalition highlighting shipbreaking’s dangers is calling for an immediate halt to Deep Water Recovery’s (DWR) shipbreaking activities in Union Bay. On January 11, 2022, NGO Shipbreaking Platform, a Belgium-based nonprofit, addressed a letter to various federal, regional, and provincial authorities, [...]

Ship Recycling Markets Face Year-End Struggles

Ship Recycling Markets Face Year-End Struggles

Ship Recycling Markets Face Year-End Struggles Ship recycling markets are facing significant challenges as they approach the final weeks of the year, according to a report from cash buyer GMS. The market has experienced minimal activity and new sales, as most end users are refraining from making purchases and are [...]

Steel Plate Prices Lagging in Indian Sub-Continent Ship Recycling

Steel Plate Prices Lagging in Indian Sub-Continent Ship Recycling

Steel Plate Prices Lagging in Indian Sub-Continent Ship Recycling The ship recycling market has been relatively quiet lately, with activity slowing down during the Diwali festivities. According to a recent report from shipbroker Clarkson Platou Hellas, the recycling market remained inactive as Diwali celebrations were in full swing. Despite this, [...]