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. April 2015 saw 5.36 million DWT being retired from active service, which was the highest on record ever for a single month. The record came on the back of continued poor earnings and deteriorating market conditions in dry bulk shipping, evidenced by the Baltic Dry Index (BDI) staying below 600 from 2 February to 13 May. In 2012, which is the largest demolition year on record with 33.4m DWT leaving the fleet, the monthly average was 2.79m DWT. So could we be heading for an even higher level in 2015? The preliminary amount of dry bulk tonnage being demolished during the first half of 2015 is 20 million DWT. During the first half of 2012 we saw 18 million DWT leaving the fleet. Chief Shipping Analyst at BIMCO, Peter Sand, says: “As the year progresses, BIMCO expects the demand side to get stronger in connecting with rising volumes. This should positively impact the market conditions but at the same time also limit the demolition activity. In line with our recent adjustment of expectations for demolition activity in 2015, we do not see a new record year in spite of the strong start of the year. In the BIMCO news piece Busiest Capesize Demolition Market Ever from 7 May a total of 52 Capesizes had been demolished. Today that number has increased to 68
Cargo ship 'MV Carrier' stranded on North Wales coast declared a 'constructive total loss', to be scrapped The MV Carrier will be cut into manageable sections on the shore at Llanddulas, near Colwyn Bay, and sent to a scrap yard by road, according to a BBC news report. The owners confirmed contractors will start the demolition once they remove the ship's 24,000 litres of fuel. The work is expected to take six weeks.
Mammoet Salvage of Schiedam, the Netherlands, agreed to terms for the removal of the wreck of the Liberian container ship, Safmarine Agulhas, which ran aground and broke in half in the South African port of East London. The operation will be carried out in South Africa in the coming months. Since starting its activities on January 1, 2006, Mammoet Salvage has completed ten salvage operations of varying sizes. Salvaging this wreck is the most extensive, specialized job yet.
W. F. Magann Corp., Portsmouth, Va., is being awarded a $23,789,519 firm-fixed-price contract for dry dock modernization at the Norfolk Naval Shipyard. The work to be performed provides for an extension to Dry Dock #8 to service the new CVN Class hull with the bulbous bow.Demolition of existing structures and utilities will be required to support the project as well as providing utility trenches, mechanical and electrical work and other incidental related work
On November 28, Donjon Marine, Co., Inc., a provider of multi-faceted marine services including marine salvage, heavy lift, dredging, recycling, demolition and related emergency response services, completed heavy lift work for Grand Bahama Shipyard Limited on Grand Bahama Island. The Donjon tug Mary Alice and derrick-barge Chesapeake 1000 assisted the shipyard with the lifting, transport and placement of a pre-fabricated module weighing approximately 375 metric tons for the Holland
The continuing slump in global shipping is translating into brisk business for scrap yards at Gujarat's coastal town of Alang in India. Alang, which receives one out of every two ships destined for breaking, has retained the top slot amid stiff competition from Pakistan, Bangladesh and China, reports TNN. With freight rates dropping 98% in less than six months of the peak shipping period, Alang is expected to surpass the 435 ships demolished in 2011-12.
State and federal officials held a meeting at the Harrison County Courthouse on March 7 for potential contractors who will bid to clean up inland channels and waterways in the three coastal counties. An overflow crowd of 150 demolition and salvage professionals packed a courtroom to learn from the U.S. Coast Guard and Mississippi's Department of Marine Resources the work they will have to do to get the contracts. The federal government has issued a solicitation at www.fedbizopps
J. Kokolakis Contracting, Inc., , is being awarded an $11,412,000 firm-fixed-price construction contract for renovations at U. S. Merchant Marine Academy, Kings Point. The work to be performed provides for the renovation of Murphy Hall, a three-story dormitory, and includes demolition and replacement of all interior finishes, mechanical, plumbing, electrical, intercommunication and fire protection systems. The work will be performed in , and is expected to be completed by Sept. 2009
Green Port Hull plan in NE England objected to by Government's Environment Agency on grounds of increasing the flood flood risk Siemens and Associated British Ports’ (ABP) plan for a £210m wind turbine facility at Green Port Hull have been recommended for conditional approval by planners, nevertheless flooding fears have prompted the Environment Agency (EA) to object to plans for the development.
Drydocks World and Maritime World announced the launch of Dubai Maritime Green Initiative, a movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy. The initiative was inaugurated in the presence of decision-makers from government and industry and was underlined by MoU for green technology transfer with leading classification society DNV and Rolls-Royce a renowned marine systems provider.
The global macroeconomic scene has become more volatile, with prominent factors such as oil prices and global currencies causing a commotion. This is resulting in large-scale distributional changes of wealth and income that will impact global trade patterns in the long run if these changes
RINA has launched new standards for cranes which will be used for transhipment of bulk cargoes at sea and has completely revised and rebased its rules for offshore cranes used in offshore construction, service and demolition. Under the new rules for lifting appliances
Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year. This included a record 5.36 million DWT in April – the highest on record for a single month.
The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will continue until 2017 if a viable equilibrium is
Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday.
For The Company of Master Mariners of India, the conference “Maritime Spectrum” that comes at the turn of each year has become a brand in itself, and each one witnessing a bigger gathering of mariners both on shore leave as well as others in land-based jobs
Star Bulk Carriers Corp. has entered into an agreement to sell for demolition the M/V Star Tatianna (ex Fortezza), a 69,600 dwt Panamax vessel built in 1993, to an unaffiliated third party. Star Bulk expects to deliver the vessel to the buyers by early February 2015.
The container segment was one of the big surprises during 2014 with a very high scrapping activity in the year’s first half and a dwindling low one in the second, says the Baltic and International Maritime Council (BIMCO)
A 5 percent increase will apply to port charges at the Ports of Townsville and Lucinda effective July 1, 2015. The Layup Concession will continue to operate and its effectiveness will be monitored and reviewed through the Port Advisory Body
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO). The dry bulk market has long suffered from weak freight rates stemming
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The LPG coaster shipping market continues to be plagued by excess vessel supply with rates remaining stubbornly below pre-financial crisis levels, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
On-site workers acted quickly to contain an oil leak during the final stages of removing the wreck of the MV Miner off Scaterie Island, says the government of Canada’s Nova Scotia province. About 800 litres of oil was collected after a leak occurred during demolition of the
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.
Chemical shipping faces another tough year, but prospects are improving thanks to the strength of the product tanker market which is attracting a growing number of swing ships out of chemicals into products, according to the latest edition of the Chemical Forecaster