MSC Rita’s Fiery Farewell: Container Ship Sold for Recycling Amidst Industry Challenges In June, a significant event unfolded in the maritime world as a fire broke out on the MSC Rita, a container ship belonging to MSC Mediterranean Shipping Company. The vessel was anchored off Abu Dhabi’s Khalifa Port at [...]
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 [...]
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 [...]
On August 21st, ambassadors from European countries will visit Alang: the quest for EU recognition Direct Supervision by Prime Minister’s Office : Government and SRIA will bring in Alang’s presentation Central and State Governments are constantly striving to revive Alang’s ship recycling industry, which is an important and economic backbone [...]
Currently, Bangladesh is producing an impressive 6 million tonnes of steel rods every year. The key raw materials for this come from the ship-breaking industry, which plays a significant role in boosting the country’s steel sector. Most ships consist of around 95% mild steel, 2% stainless steel, and 3% mixed [...]
