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Buying A Ship News

25 Sep 2023

GMS Reports Feverish Buying in Ship Recycling Markets

Source: GMS

Cash buyer GMS reports another week of “astonishing” activity in sub-continent ship recycling markets, with owners and cash buyers primarily focusing on the Indian market where several extraordinarily priced container sales reportedly took place over the recent weeks.The $600/ton mark was even exceeded on a container unit once again, in what seems to be the surest sign yet, that sentiments and demand in Alang are back on track, says GMS.Pakistan is not too far behind India, with some select dry bulk sales to Gadani recyclers who are now re-emerging and have line of credit approvals in place…

20 Feb 2004

Human Factor is Key to Safety

Parliament's Temporary Committee on Safety at Sea was told that the EU's response to recent maritime disasters had missed the key point - the human factor. Eduardo Chagas, of the Maritime Transport Section of the European Transport Workers' Federation (ETF), explained that the prime causes of tanker casualties were not structural but human. Grounding and collisions accounted for almost 50% of incidents, whereas only around 11% were related to hull failure. According to Chagas, human conditions in the maritime sector should be taken more seriously, especially in EU legislation. Flags of convenience and false certificates for merchant navy officers were the issues that most needed to be tackled.

26 Oct 2007

Background to Shipping Initiative Seminar Scheduled

Just three years after its introduction, the five-day Background to Shipping seminar from leading training provider Lloyd’s Maritime Academy is now established as a major foundation course for both experienced practitioners and industry newcomers. Enrolment is under way for the ninth seminar in the series, which takes place in central London from December 3-7 and, like its predecessors, is attracting staff from some of the world’s best-known shipowners, ship managers, and related service providers. Almost 200 delegates have attended the eight previous courses, with shipping professionals joined by support sector personnel ranging from bankers, insurers and lawyers to freight forwarders and port operators.