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
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.
Press release - Diana Containerships has signed a Memorandum of Agreement to sell to an unaffiliated third party the 1995-built vessel "Garnet" (formerly "APL Garnet") for demolition, with delivery due to the buyer by the end of September 2015, for a sale price of approximately $7.85 million before commissions. Upon completion of the aforementioned sale, Diana Containerships Inc.'s fleet will consist of 13 container vessels (5 Post-Panamax and 8 Panamax).
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
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
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.
Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time injury (LTI) on the reconstruction
The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions, says BIMCO. 2016 has shown no improvements so far and prospects for the rest of the year are not looking promising
When it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, 2016 is off to a flying start. Six new VLCCs were delivered in a strong winter market. Having reduced slightly, since the turn of the year
2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO. The six new VLCCs were delivered in a strong winter market
The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline, though
Work has begun to demolish the former Odin Seafood dock on the Prince Rupert waterfront in British Columbia, the Prince Rupert Port Authority announced today. Located between Atlin Terminal and Northland Cruise Terminal on Cow Bay Road
San Diego’s Tenth Avenue Marine Terminal Modernization project is due to receive $10 million from the U.S. Department of Transportation (DOT), Deputy Maritime Administrator Michael J. Rodriguez announced today. The project is one of 39 federally-funded transportation projects in 34 states
Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts, some time they will make a nice profit. After all, the ships last 30 years
With tanker owners “on top of the world” and their dry bulk counterparts often feeling like they are “staring into the abyss”, 2015 was a year of contrasting fortunes across bulk shipping, says Clarksons Research.
Tanker owners are currently doing fairly well, certainly compared to their colleagues in the dry bulk market, says a reserach report from Poten & Partners. However, history shows that such markets do not last forever and when the downturn comes
2015 was clearly a very challenging year for the shipping markets. With earnings rock bottom in many sectors, investors shifted into a lower gear with respect to the placement of new vessel orders last year, says Clarksons Research.
1941 - The keel to USS Wisconsin (BB 64) is laid. Commissioned in April 1944, she serves during the later stages of World War II in the Pacific. She is now a museum battleship stationed in Norfolk, Va. 1943 - USS Shad (SS 235) encounters German blockade runners transporting ore in the Bay
Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday. Freight rates have plunged
Adani Hazira Port Private Limited (AHPPL), a 100% subsidiary of Adani Ports and Special Economic Zone Limited, had challenged the order dated 8.1.2016 passed by the National Green Tribunal, Pune, inter alia, cancelling the EC 3.5.2013 for expansion of facilities at Adani Hazira Port.
Chinese iron ore and coal imports to fall in 2016 - Clarkson Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday