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SHIP SCRAPPING BUSINESS
India achieves MIV 2030 ship-recycling goal ahead of scheduleIndia has surged to become the world's leading ship-recycling nation in 2025, achieving this milestone ahead of schedule. This significant ...- Alang shipbreaking yard, world's largest, faces worst-ever crisis as vessel arrivals hit record lowAlang, India's largest shipbreaking yard, is experiencing its worst downturn. Geopolitical tensions and extended ship lifespans have led to...
- Europe's green jet fuels see upside in Iran warEurope is looking at synthetic jet fuel to reduce reliance on foreign oil. The Iran war has made this cleaner fuel more attractive. While p...
- India unveils Port Performance Index, maritime digital reforms to boost global competitivenessSarbananda Sonowal said, “We have introduced the Logistics Port Performance Index (LPPI) for FY 2024-25. It is a major step towards improvi...
- India-bound fertilizer shipment scrapped over Iran origin riskAn India-bound fertilizer shipment has been cancelled. Officials raised concerns about its links to Iran. The cargo was aboard the bulk car...
- How Asia-Pacific is fighting a fuel shock that could get worseAsian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly...
- India eyeing Bangladesh’s top spot with perks for recycling dying shipsIndia is set to introduce 40 billion rupees in incentives to revitalise its shipbreaking industry and regain market dominance from Banglade...
- US-sanctioned tanker sale to India scrapyard shows dark fleet painA US-sanctioned tanker, Contract II, is being dismantled in Alang, India. The sale involves extended payment terms and measures to hide the...
- Unemployed supertankers are about to get junked on Asia’s beachesEvery five years a vessel has to undergo a special survey that costs millions of dollars, money that’s hard to find when vessels are making...
- Recycling industry says scrap cargo stuck at ports, charges not waived; 6,000 units face closureNoting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government last month ...
- Just sounds of waves breaking at Alang ship-breaking yardChittagong in Bangladesh and Alang in Gujarat are global leaders in the marine salvage industry, with the Indian facility having a clear ed...
- As scrap, retired Naval aircraft carrier Viraat finds no takersThe e-auction followed the Navy's decision to sell the oldest aircraft carrier as scrap as plans to convert the iconic ship into maritime m...
- Shipyards get a sinking feeling on rupee fall, soft prices"This was flagged in our April 2014 report titled, Shipbreakers weather Rs 700 crore forex loss, yet continue to sail unhedged."
- INS Vikrant lost the survival war against its own countrymen: Shiv SenaEarlier, the Maharashtra government had expressed its inability to maintain INS Vikrant, which was decommissioned in January 1997.
- Shipping companiess want sops to ride out rough patchLocal shipping business, saddled with high cost and dipping revenue, may continue to be in choppy waters for some more time as the hope for...
- Alang ship-breakers face Rs 2,000-cr hit from Rupee fallShip-breakers are likely to bear a total loss of Rs 2,000 crore for the fiscal year as the rupee fell by over 18% in the last seven months.
- Chinese companies selling ships for price of scrap after lossFacing huge losses and cash shortages, some of China's shipping enterprises, especially small private ones, have been selling ships at dirt...
- Slowdown at Alang yard pushes up scrap steel priceA slowdown at the country’s largest ship-breaking yard, Alang, has pushed up scrap steel prices by Rs 1,000 per tonne in two weeks.
- Chennai man's firm figures among fastest-growing cos in USRam Guru came to the US from Chennai to earn a Masters degree in Computer Science but failed to make a mark in his preferred profession.
- Scrap from Alang may bring down steel pricesThe increasing ship-breaking activity at the country’s largest ship-breaking yard, Alang, may cause a fall in steel prices, with hundreds o...
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