Ship diversions hit main Asian hubs with $131 billion trade loss
SINGAPORE : Russell Group, a data and analytics company, has reported that $131 billion in trade is at risk of being disrupted at the Ports of Singapore, Port
Economic Survey 2023-24 : Lakshadweep, Andaman & Nicobar, Gujarat to be developed for ship bui
NEW DELHI : In a significant stride towards enhancing India’s coastal infrastructure, the recently released economic survey for the fiscal year 2023-24 has placed island development at one
Steel Ministry panel rejects proposal for TMT bars made from ship-breaking plates
NEW DELHI : A committee set up by India’s Steel Ministry has rejected the use of ship-breaking steel plates for making TMT bars (rebars) due to non-standardised offerings
14 methanol-powered ships ordered in October
HAMBURG : A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be
MSC’s secondhand boxship buying spree passes 300 mark
GENEVA : Mediterranean Shipping Co’s (MSC) secondhand buying spree has hit the 300-vessel threshold according to analyst Alphaliner. In its weekly newsletter Alphaliner said that MSC was reported to
NYK creates history with sale of first vessel for green recycling
TOKYO : Nippon Yusen Kaisha (NYK) has sold its 1998-built multipurpose (MPP) vessel Kamo to PHP for recycling in line with the Hong Kong Convention for the Safe and Environmentally
Centre pushes for Alang to emerge as vehicle scrappage hub
NEW DELHI : Alang, in the Bhvanagar district of Gujarat, is considered to be the largest ship breaking yard in Asia; and there has been a push from
Maersk Line following the trend of ship demolition
COPENHAGEN : Maersk Line has sold a 1999-built feeder ship for scrap, joining several other liner operators that have begun shedding older tonnage as the freight market corrects
Alang’s Shipbreakers Out of Oxygen as COVID Treatment Takes Priority
AHMEDABAD : With India facing a second wave of COVID infections, an unusual victim lies in the shadows: the shipbreaking industry. Located on India’s Western Coast in the