Search results for: Demolition sales

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  • 16 November 2016
    Business & Finance

    Financially troubled South Korean shipping company Hanjin Shipping has sold two container ships for demolition, VesselsValue data shows. The vessels in question are the 5,302 TEU Post-Panamax boxship Hanjin Paris and the 4,024 TEU Panamax vessel Hanjin Los Angeles. The 62,800 dwt (deadweight ton) Hanjin Los Angeles and the 67,300 dwt Hanjin Paris were sold for USD 294/LTD […]

  • 3 November 2016
    Business & Finance

    Greek shipping company Diana Containerships has signed a memorandum of agreement (MOA) to sell its Panamax vessel Angeles for demolition for around USD 6.69 million before commissions. Previously named YM Los Angeles, the vessel is expected to be delivered to an unnamed buyer by mid-November 2016. The 4,923 TEU Angeles was built in 2006 by […]

  • 28 December 2016
    Business & Finance

    Brazilian mining giant Vale’s recent sale of a very large ore carrier (VLOC) for demolition has reportedly failed, according to a report from GMS, a cash buyer of ships for recycling. “The sale of the VLOC failed to its intended cash buyers and the vessel is now being re-introduced for sale,” GMS said. The vessel in […]

  • 9 August 2016

    The infographic below, released by VesselsValue, shows the change in ship ordering, selling and scrapping activities in the first half of this year, when compared to the same period in 2015. The findings showed that there was a 52 percent reduction in spending on second hand vessels. In 2015, a total of USD 14.8 billion was spent on […]

  • 5 May 2017

    Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report released by Vessels Value.  When compared to April 2016, newbuilding orders have decreased by 27.6 percent. Out of 21 orders placed in April 2017, five were for bulkers and sixteen for tankers. Bulker orders have dropped […]

  • 10 November 2016

    A total of 51 vessels were sold for demolition during October 2016, with the majority of them destined for the Indian subcontinent, VesselsValue data shows.  India was the favorite destination for demolition sales, with Bangladesh as the second country where most of the ships were delivered. Bulkers, container ships and small dry bulk carriers were at […]

  • 5 August 2016
    Business & Finance

    A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the same month last year, representing a drop of 48% in the total value of second-hand sales concluded in the period, according to data provided by VesselsValue. Bulker and tanker sales were down 13% in July […]

  • 11 November 2019
    Business & Finance

    A lack of demolition activity has been one of the key developments in tanker supply this year.

  • 27 July 2016
    Business & Finance

    South Asian ship recycling market has experienced increased activity on the sales front last week, which was accompanied by a rise in demolition prices, according to a report released by GMS, a cash buyer of ships for recycling in Bangladesh, India, Pakistan and China. GMS said that Bangladesh and India “bore the brunt of the week’s fixtures,” while Pakistan […]

  • 30 July 2009

    A massive former oil yard in the Highlands offers an ideal site for the breaking up of redundant ships and oil rigs, a demolition firm has said. DSM Demolition is to set out its plans for mothballed Nigg in Easter Ross, to Energy Minister Jim Mather. Highland Council has said it will take legal action […]

  • 22 May 2013
    Business & Finance, Equipment, Technology

    Since last August an Atlas Copco HB 4100 hydraulic breaker has been deployed for underwater demolition near Giglio Island, Tuscany, Italy. The work is the first phase of a major maritime engineering operation in which Atlas Copco is closely collaborating with Sales SpA, a well known Italian construction company specializing in infrastructure and maritime projects. […]

  • 3 November 2017
    Business & Finance

    The Sub Panamax containership Maersk Pembroke has been sold for green recycling to a yard in Turkey, data from VesselsValue shows. Based on the provided information, the sale took place at the end of September. The demolition value of the 1988-built ship was set at USD 4.97 million. The vessel is yet to reach its […]

  • 9 June 2017
    Business & Finance

    Although there is a huge age gap between converted and normal very large ore carriers (VLOCs), there are not many reasons to demolish or sell these oldies, according to BIMCO. With an average age of 23.8 years, the VLOCs fleet converted from very large crude carriers (VLCCs) are vintage compared to similar ships. The average age for […]

  • 6 March 2019

    Offshore vessel provider Mermaid Maritime has denied reports that it has sold one of its dive support vessels for demolition.

  • 17 April 2013
    Business & Finance

    Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that it signed yesterday, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell the 1989-built vessel Maersk Madrid for demolition, for a sale price of approximately US$8.8 million before commissions. The vessel will be renamed to “Madrid”. The […]

  • 8 January 2019

    Japan Drilling Company has sold the Sagadril-2 jack-up rig for demolition to an unnamed entity.

  • 22 May 2013
    Business & Finance, Equipment, Operations & Maintenance

    Since last August an Atlas Copco HB 4100 hydraulic breaker has been deployed for underwater demolition near Giglio Island, Tuscany, Italy. The work is the first phase of a major maritime engineering operation in which Atlas Copco is closely collaborating with Sales SpA, a well known Italian construction company specializing in infrastructure and maritime projects. […]

  • 3 May 2013
    Business & Finance

    Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement (MoA) to sell to an unaffiliated third party the 1990-built vessel Maersk Malacca (renamed “Malacca”) for demolition, with delivery due to the buyers by early June 2013, […]

  • 10 July 2019
    Business & Finance

    The shipping consultancy said that, going forward, there is little possibility of improvement before 2021.

  • 18 April 2016

    Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound to remain muted based on the recent forecast from Drewry. Drewry bases its argument on the rising demolition prices for scrapping which were kept pretty low throughout 2015. Hence, the amount of scrapping halved in 2015 with only about 195,000 […]

  • 14 February 2018
    Business & Finance

    Diana Containerships has reached a deal to sell its 2006-built vessel New Jersey for demolition.

  • 17 December 2013
    Business & Finance

    Diana Containerships Inc. a global shipping company specializing in the ownership of containerships, yesterday announced that on December 12, 2013 it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1996-built vessel “Spinel” (formerly “APL Spinel”) for demolition, with delivery due to the buyers by December […]