Search results for: demolition

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A list of search results

  • 21 December 2018
    Business & Finance

    BIMCO: Dry bulk demolition plunged by 71.6% in 2018 driven by an almost total halt in Panamax demolition.

  • 5 May 2017
    Business & Finance

    A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of 2017, heading to the expected demolished capacity of 9 million for the full year, according to BIMCO. The year so far has seen eight crude oil tankers form for demolition, including two VLCCs, two Suezmax, three […]

  • 16 June 2015

    Devastating market conditions in the dry bulk shipping market are expected to send 30 million DWT for demolition from the global fleet during 2015, with 17 million DWT reported to have been sold for demolition at the end of May, BIMCO estimates. “Owners have dug deep in the first five months of 2015 whilst continued devastating […]

  • 19 December 2017
    Business & Finance

    With a range of factors at play, recycling volumes are likely to remain at elevated levels in the medium term.

  • 3 July 2015
    Business & Finance

    The 2015 appears to be running on a path toward becoming another record year in the dry bulk demolition activity. The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month, according to the stats presented by international shipping association BIMCO. April 2015 […]

  • 3 January 2017
    Business & Finance

    The international ship recycling markets have witnessed another roller coaster week and year, however, the industry concluded 2016 on an overall stable to positive note, according to a report from GMS, a cash buyer of ships for recycling. During the first quarter of 2016 the prices slid down from their mid-2014 peak above USD 500/LT LDT, down […]

  • 9 November 2017
    Business & Finance

    Gadani’s shipbreaking plot no. 54 was sealed off on November 8 after a fire broke out on-board the ship ACES again, according to the NGO Shipbeaking Platform. No workers got caught in the flames of the fire, which occurred on the same floating oil production tanker that blew up on November 1, 2016. Last year’s incident […]

  • 3 July 2015
    Business & Finance

    The 2015 appears to be running on a path toward becoming another record year in the dry bulk demolition activity. The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month, according to the stats presented by international shipping association BIMCO. April 2015 […]

  • 7 November 2016
    Business & Finance

    The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive surprise for the struggling container shipping industry, according to international shipping association BIMCO. BIMCO have throughout 2016 focused on the level of demolition in the container shipping industry and the high level of demolition activity has continued its pace and exceeded […]

  • 27 May 2016
    Business & Finance

    Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive effect on capacity being removed from the fleet did not continue into the second quarter of 2016, as capesize demolition came to a halt, according to BIMCO. The BDI went from “devastating” in February to “poor” in April with the […]

  • 7 September 2018

    Long-term recovery is highly dependent on removal of outdated capacity from the fleet through demolition.

  • 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 […]

  • 23 December 2016
    Business & Finance

    The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, which is equal to 24.3 million dwt during the period from January 2014 to October 2016, according to BIMCO. The VLCC segment, with 20.7 million dwt or a net fleet growth rate of 11% took the lion’s share, followed by […]

  • 27 May 2015

    There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner regions, Asia/Pacific and Europe account for 88% of the tonnage sold for recycling, according to the latest review of shipbreaking trend by Clarkson Research.  Whilst the Indian Sub-Continent remains the main demolition destination, […]

  • 8 May 2015

    The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, with Capesizes carrying the lions share, according to BIMCO. In 2014, 25 Capesize ships totaling more than 4.2 million DWT were scrapped. With not even half of the year behind us the numbers have already more […]

  • 26 June 2017
    Business & Finance, Project & Tenders

    Work to demolish a now redundant lifeboat station on the West Sussex coast has moved into the marine phase following the arrival of a jack-up barge. Mackley, working on behalf of the RNLI, started the demolition last month following the completion of a new lifeboat station in Selsey – rendering the existing building surplus to […]

  • 2 May 2019
    Business & Finance

    Despite increase in demolition volumes, the market for large dry bulk ships is likely to face continued pressure.

  • 27 October 2016
    Business & Finance

    Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association BIMCO. A total of 36.2 million dwt was demolished in the first nine months of 2016, […]

  • 23 February 2015

    Declining prices have made 2014 a very hectic year for the demolition market as less DWT and fewer TEUs were scrapped compared to previous years, according to the Baltic and International Maritime Council (BIMCO). Starting with containership market, initial estimates for 2014 were set relatively low at 250,000 TEU thinking the market might have peaked. […]

  • 1 July 2016
    Business & Finance

    Demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015 as the shipowners attempt to counter the fundamental imbalance between supply and demand under poor container shipping market conditions, according to BIMCO. A total of 150,863 TEUs of panamax ships (ranging from 3,000 to 5,999 […]

  • 9 March 2017
    Business & Finance

    Driven by a drop in dry bulk demolition and a surge in deliveries, the dry bulk fleet grew by 2.6% year-on-year in January 2017 exceeding 800 million dwt, according to shipping association BIMCO. Dry bulk demolition was halved in the first month of 2017 when compared to the same period a year earlier, while total dry bulk […]

  • 5 December 2016

    Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, according to Clarksons Research. As conditions in most sectors were under pressure, 2016 has been an extremely difficult year for the shipping markets. Reflecting this, demolition […]