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Ship Disposal

Adonis Sells for More Than $1m

The U.S. Department of Transportation’s Maritime Administration has sold a ship from the Beaumont Reserve Fleet for more than $1million, the first time under the current program that a ship has brought such a price.  International Shipbreaking, Ltd., in , , will pay $1,151,727 for the ship Adonis, now moored at the Beaumont Reserve Fleet site in .  Three other government-owned, obsolete ships are also being sold to the company for an additional $173,297: the , the and the Buyer. These sales stand in contrast to most ship disposal contracts in recent years, which have involved the federal government paying to have its obsolete ships recycled.  High worldwide prices for scrap steel have recently made such ships more valuable to recyclers, who sell the steel and other materials recovered from the ships. Two of the ships being sold, the and the Cape Canaveral, are breakbulk freighters and are located at the James River Reserve Fleet site in .  The was built at the Todd Shipyard in in 1961.  The Cape Canaveral was built at the Avondale Shipyard in in 1963.  When these two ships depart the site for recycling, they will be the 70th and 71st vessel to do so since January of 2001. The Adonis, a liquid-bulk tanker, was built by A.G. Wesser Seeback of in 1966.  The other ship being sold, the Buyer, is also in the Beaumont Reserve Fleet, and was built as a breakbulk vessel by National Steel & SB in in 1960.

Obsolete US Ship Recycling Target Surpassed

U.S. Transportation Secretary visits Suisun Bay in Northern California to celebrate surpassing administration's goal for recycling. Ray LaHood, US Transportation Secretary visited Shuisun Bay for the occasion. In 2010, the Department’s Maritime Administration (MARAD) committed to removing 28 ships from the fleet by September 30, 2012.  To date, MARAD has removed 36 ships, with three more vessels scheduled for removal by the end of the year.

NAVSEA Garners Awards

Naval Sea Systems Command (NAVSEA) emerged as a major force in environmental stewardship judging by its impressive showing during a recent series of environmental awards. NAVSEA and its various activities were very well represented on April 30 and May 1 at a series of environmental awards presentation ceremonies on behalf of the Chief of Naval Operations (CNO), the Secretary of the Navy (SECNAV) and the Department of Defense (OSD).

Ship Disposal Encounters Enviro, Political Hurdles

By Joan M. Bondareff and Charles T. Blocksidge In 2001, Congress directed the Maritime Administration (MarAd) to dispose of all obsolete vessels in its inventory by September 30, 2006, and to do so "in the manner that provides the best value to the Government." At present, MarAd has 104 non-retention ships not under contract in three locations around the country-James River Reserve Fleet in Virginia, Beaumont Reserve Fleet in Texas, and Suisun Bay Reserve Fleet in California

ATLAS ELEKTRONIK Enhances SeaFox Systems

Atlas_COBRA 2 web.jpg

ATLAS ELEKTRONIK enhance capabilities of its SeaFox Systems with EOD tool COBRA. Bremen/London, 13 September 2011 - ATLAS ELEKTRONIK has recently teamed with ECS Special Projects Ltd. to exclusively provide the EOD tool COBRA for the ATLAS SeaFox Sys-tem. The COBRA (Clip-On BX-90 Re-loadable Assembly) can be fitted to the re-usable SeaFox vehicle offering Explosive Ordnance Disposal (EOD) capability from surface to 300m

Fitch Warning on NordLB Shipping Reduction Plan

Image: NORD/LB

 Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks, says Fitch Ratings.    Planned disposals, representing up to one-third of the bank's total shipping exposures, are large, but the shipping markets are not yet showing signs of sustainable recovery and there is a risk that disposal markets could become overcrowded.   

P&O Cruise Division Sees Strong Trading, Advances Plans For U.S Listing Next Year

The cruise arm of Peninsula and Oriental Steam Navigation Co. continues to experience excellent trading conditions, with total capacity up 14 percent this year, company officials said. P&O officials said the cruises division was fully booked at yields consistent on a like-for-like basis with last year's high levels. The outlook for the division next year is "highly positive," with capacity seen increasing by 21 percent, booking 70 percent full for the first half, and yields again good.

Hearing on Disposal of Ghost Fleet

The Senate Commerce Committee released testimony of various witnesses who spoke at the hearing conducted by the Surface Transportation and Merchant Marine Subcommittee on July 7, 2003. Maritime Administrator William G. Schubert

More Ghost Fleet Vessels to be Removed

The U.S. Maritime Administration (MARAD) today announced a contract award for the disposal of obsolete ships in the James River Reserve Fleet. Post-Service Remediation Partners (PRP) of New York will be awarded a payment of $14.8 million to remove a total of 15 ships from the James River Reserve Fleet. This is the largest removal of obsolete ships in a single year from the National Defense Reserve Fleet since 1993. "As stewards of the environment

News: More Ghost Fleet Ships Contracted for Scrap

The U.S. Maritime Administration (MarAd) recently awarded a contract for the disposal of obsolete ships in the James River Reserve Fleet. Post-Service Remediation Partners (PRP) of New York will be awarded a payment of $14.8 million to remove a total of 15 ships from the James River Reserve Fleet. This is the largest removal of obsolete ships in a single year from the National Defense Reserve Fleet since 1993. "As stewards of the environment

More Plastic than Fish in the Ocean

Photo: International Maritime Organization

 Did you know that by 2050 there could be more plastics in the ocean than fish, if human habits don’t change?    India Clean Seas Conference taking place in Goa, India (22-24 September), discussed what needs to be done to keep the oceans clean.   

Governments Spur Crackdown on Sea Pollution

File photo: Robert Hendry

Governments at the recent meeting of Parties which regulate the dumping of wastes at sea have called for more action to address marine litter in the oceans, particularly plastics and microplastics, which present a severe and long lasting threat to the marine environment.  

Torched Containership Returned to its Owners

The containership CCNI Arauco caught fire in the aft container hold on September 1. After four intense weeks, Ardent safely returned the vessel to the owners. Ardent discharged the damaged containers out of the vessels cargo hold. These containers were declared as dangerous waste and required special treatment. (Photo: Feuerwehr Hamburg)

Container vessel CCNI Arauco has been returned to its owners after a fire broke out in its aft container hold on September 1.   Ardent emergency response crews worked with local firefighters to extinguish the fire. Other experts from Ardent contained the situation with local authorities and

Damen Debuts Expedition Cruise Ship Design

Image: Damen

Damen Shipyards Group has unveiled its recently completed Expedition Cruise Vessel design, which resulted from its partnership with Expedition Voyage Consultants Ltd and the Danish Naval Architect firm Knud E. Hansen.   From the outset of this project

Maersk 'BBB+' Ratings Put On CreditWatch Negative


  • A.P. Moller – Maersk A/S (Maersk) recently announced its undertaking of a strategic and structural review of its business set-up. • We understand that the disposal of one or several of Maersk's main business units could form part of the review's outcome

Partners Spur Smart Shipping Software Development

The world’s largest shipbuilder has launched an initiative with several industry partners that aims to help small and medium-sized ICT companies develop software for smart shipping, a so-called Eco System for Smart Ships.   Under the Memorandum of Understanding

Shipping is the Least Optimistic Segment in Transportation

Image: Norton Rose Fulbright US LLP

 Shipping is the least optimistic industry within the transport sector, by a significant margin, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright.    Only 15% believe that current market conditions are positive

Moody's confirms Teekay's B3 CFR; Changes Outlook to Stable

Courtesy Teekay

 Moody's Investors Service confirmed the ratings of Teekay Corporation ("Teekay", or "Parent"): Corporate Family Rating ("CFR") at B3 and senior unsecured debt rating at Caa1. Concurrently, Moody's upgraded the Speculative Grade Liquidity rating to SGL-3

FSL Trust: Yet Another Steady Quarter

Fleet Deployment by Revenue - Courtesy FSL Trust

FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable and positive performance for the second quarter ended 30 June 2016 (“2QFY16”).

RBS Looks to Sell Turkish Loans in Bid to Exit Shipping

Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in the latest move by the state-backed bank to exit this troubled sector and cut overall losses through asset sales, two sources told Reuters.   RBS, which has not made an annual profit since 2007

Fire-stricken Ferry Moored Safely

Caribbean Fantasy is towed to Pier 15 in San Juan Harbor, Puerto Rico, Saturday, Aug. 20 (U.S. Coast Guard photo by Jasmine Mieszala)

The fire aboard the passenger vessel ferry Caribbean Fantasy has been extinguished, and the vessel has been moored safely at Pier 15 in San Juan Harbor, the U.S. Coast Guard said.   The fire broke out Wednesday, August 17, leading to the evacuation of 511 people from the ship.  

Wanner Debuts Q155 Series Quintuplex Pumps

Image: Wanner Engineering

Wanner Engineering, Inc. has introduced its new Q155 Series Quintuplex seal-less pumps (low pressure models) designed for a variety of applications including reverse osmosis in water and wastewater treatment, mine dewatering, salt water disposal, salt water injection, bulk transfer

NACD Selects ABS Quality Evaluations as Verifier

ABS QEs leading certification process has proven invaluable to organizations in a wide range of industries

ABS Quality Evaluations, Inc. (ABS QE), a subsidiary of ABS Group, has been selected as a third-party verifier by the National Association of Chemical Distributors (NACD), an international association of chemical distributors and their supply-chain partners

Operation Render Safe Brings Safety to Solomon Islands

The ongoing menace of explosive remnants of war will again be tackled in the Solomon Islands by the multinational team assigned to Operation Render Safe 16

The dangers posed by explosive remnants of war in the Solomon Islands will again be tackled with the commencement of Operation Render Safe 16 over the weekend.   The annual ADF-led Operation Render Safe deployment is Australia’s enduring commitment to the removal of unexploded and

Ocean Endeavor Repair Completed

(Photo: Harris Pye Engineering Group)

Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work

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