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Scrapping of containerships gathers pace ahead of IMO 2020

Scrapping of containerships gathers pace ahead of IMO 2020

In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year. According to data supplied by...

Bangladesh scrapping tax likely to be postponed

The attempt to reverse the recently imposed 15% value added tax (VAT) on ships being sent to Indian ship-recycling markets will likely be successful, according...

2017 budget to hit Pakistan, Bangladesh scrapping sectors

Ship-recycling sectors in Pakistan and Bangladesh have witnessed a decrease in LDT price after the respective countries released their 2017 budget announcements....

2016 busy year for scrapping, says Clarksons 

2016 busy year for scrapping, says Clarksons 

2016 was a busy year for global ship recycling, especially when it comes to boxships and bulkers. What is more, shipbreaking is expected to remain at elevated levels...