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Ship Scrapping

Report of Joint Working Group on Ship Scrapping

The IMO posted on its Internet site the Report of the Joint Working Group on Ship Scrapping . Representatives from the International Labor Organization (ILO), the IMO, and the Basel Convention (BC) met in Geneva on 12-14 December to continue discussions on development of a regime to address international ship scrapping. The goal is to draft a legally binding instrument on safe and environmentally sound ship recycling. Source: HK Law


Profitability Of Bulk Shipping Dependent On Safety

Bulk shipping has been under the international microscope of late, with spectacular structural failures resulting in sudden loss of lives and ships, vexing designers, builders and owners alike as to the solution to structural and operational problems. Last week industry experts discussed another matter near and dear to bulk shipper's hearts, the future profitability of the depressed bulk shipping business. The overriding message: bulk shipping profitability is inextricably linked to safety


Tanker Freights’ Declining Rate to Continue

Global tanker freight rates may be depressed for several more years as a stream of new vessels hit the market and shipowners refrain from scrapping older ships. However, a recovery is likely toward the end of the decade as more single-hulled tankers are taken off the market to meet regulations for safer ships. Tanker rates jumped to record highs in 2004 as a surge in oil trading and demand strained available fleet supply


GL Bolsters Support of Green Ship Recycling in Asia

019 PRe-MS Ship Recyling_Experts.bmp

Hamburg/Shanghai, 3 May 2011 - Germanischer Lloyd (GL) has recently intensified its efforts to help shipyards, ship owners, suppliers and recycling facilities in Asia to comply with the forthcoming International Convention for the Safe and Environmentally Sound Recycling of Ships ("Hong Kong Convention"). Two well-trained GL ship recycling experts are now stationed in China and Singapore respectively, offering all stakeholders a full range of services including certification


MOL to Scrap, Lay-up, Bulkers

MOL slates total of 10-20 'Capesize' bulk carriers for scrapping and cold lay-up Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced plans for scrapping or cold lay-up of 10 to 20 Capesize bulkers in consideration of this fiscal year's worsening market trends. The company scrapped four vessels and temporarily laid up 10 others last year. Up to now, the company has scrapped Capesize ships that were past 23 years or older, but will now scrap ships that are 15 or older


Krepp Comments on GSA Storis Auction

Denise Krepp

Denise Rucker Krepp, former Maritime Administration Chief Counsel who currently advocates on behalf of the U.S. domestic ship recycling industry, issued a statement at the Coast Guard Shipping Coordinating Committee Meeting March 12, 2014, in Preparation for the April 2014 Maritime Environment Protection Committee Meeting. Below are her comments. Good morning. My name is Denise Krepp and I am representing EMR-Southern Recycling.


VLCC Scrapping Up

With intense international attention focused on older ships, many interested parties are waiting to see if the resultant pressure to utilize new tonnage will result in a scrapping/build boom. If last week is an indication, the move to purge older ships could already be underway. Three VLCC tankers have been reported sold to be scrapped this week, shipping brokers said. The sales would take VLCC demolitions to eight so far this year


Bergesen Forecasts Strong Tanker Markets, Less Scrapping

Norwegian shipping group Bergesen d.y. ASA predicts that tanker markets would stay strong due to good demand for oil, but that the number of vessels sold for scrap would fall in 2000. The company, one of the world's top shipping groups, reported a fall in pre-tax earnings to $10.2 million from $19.8 million in the first quarter of 1999. "The tanker market is expected to stay strong in future due to the lifting of OPEC's production restraints as well as good growth in oil consumption


Bill Introduced re Naval Vessel Scrapping

Representative English (R-PA) introduced a bill (H.R. 4397) to temporarily exempt scrapping of naval vessels and Maritime Administration vessels from certain environmental statutes governing handling of hazardous materials. Text of the bill is not yet available. Source: HK Law


Ship Scrapping Increases, but in Wrong Trades

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Although the number of vessels being scrapped this year has increased dramatically, and looks set to continue rising, it is having little impact on the current excess of supply over demand where it matters most – in the East-West trades, according to the latest edition of Drewry's 'Container Insight Weekly'. All of the vessels scrapped so far remain below 6,000 teu, whereas the worst excess is in the sector over 10,000 teu, where most vessels are deployed between Asia and Europe


Costa Concordia: Operations to Tow the Wreck Begin

Costa after righting: Photo courtesy of the salvors

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people. A convoy of 14 vessels, led by the tug boat Blizzard


Concordia Finally Heads for Scrapyard

Photo courtesy of The Parbuckling Project

The rusty hulk of the Costa Concordia began its journey to the scrapyard on Wednesday, after a two-year salvage operation off the Italian island where the cruise liner capsized two years ago, killing 32 people. Boats sounded horns and church bells rang as a tug boat slowly pulled the wreck of


Costa Concordia Arrives Genoa for Demolition

Costa Concordia moored Genoa: Photo courtesy of TITAN Salvage

Crowley Maritime Corp. subsidiary TITAN Salvage and project partner Micoperi has confirmed that the Costa Concordia – the Concordia-class cruise ship that wrecked off Giglio Island, Italy in January 2012 – is safely moored at the Port of Genoa Voltri, Italy


Redwood City Sees Cargo Movement Boost

CSL Tacoma (Photo courtesy of the Port of Redwood City)

Port of Redwood City reports 19% increase in cargo movement; highest since 2006 and third highest in modern history Reflecting a significant increase in construction in the Bay Area and the high quality of building materials from British Columbia


Costa Concordia Wreck to be Scrapped in Genoa

Photo courtesy of The Parbuckling Project

The bulk of the Costa Concordia cruise liner that capsised off the Tuscany coast in 2012, killing 32 people, will be demolished and scrapped in the port of Genoa, the Italian government decided on Monday. The decision for the work to be done in Genoa, in northern Italy


U.S. Army Corps to Close Upper Mississippi As Waters Rise

Storm system

  Rising flood waters were expected to make 11 locks and dams impassable on the mid- and upper-Mississippi River and force the closure of the river later on Monday from Bellevue, Iowa, to Saverton, Missouri, the U.S. Army Corps of Engineers said.


Port of Tallinn invests in Paldiski South Harbor

Port of Tallinn

  The council of Port of Tallinn approved an investment of 1.8 million euros for deepening the aquatory of Paldiski South Harbor in order to enable the harbour to accept bigger vessels with total tonnage up to 75,000 GT. With the help of the investment aimed to increase the competitiveness


Costa Concordia Wreck Set to Be Refloated in 10 Days

Photo courtesy of The Parbuckling Project

The wreck of the Costa Concordia cruise liner is set to be refloated within 10 days, to be towed away from the Italian island where it ran aground and capsized two and a half years ago, the group organizing the removal said on Thursday. The hulk of the 290-meter ship was righted and secured in


Concordia Disaster to Cost Owners More than $2b

Photo courtesy of the Parbuckling Project

The Costa Concordia disaster, when the cruise liner capsized off Italy more than two years ago, will likely end up costing the ship's owners just over $2 billion (1.5 billion euros), a company executive told a German newspaper. "So far, our costs are at 1 billion euros


Costa Concordia Refloating Begins

Refloating Costa Condordia: From Parbuckling Project video

The Concordia refloating operation has started informs the 'Parbuckling Project' web site. At 6 am Monday,  the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team, having been given the green light by the Italian


Costa Concordia Refloated

image: Parbuckling Project web site.

The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast, killing 32 people. The 290-metre Costa Concordia ran aground on rocks near the Tuscan holiday island of Giglio


Costa Concordia Salvage: Day 1 Timeline

Salvor aboard Costa Concordia Day 1: Photo Parbuckling Project

The first day of the refloating operation of the Costa Concordia has concluded successfully. Confirming technician’s estimations, the wreck is now afloat thanks to the buoyancy given by sponsons, 2.2 meters off the false sea bed, and  has been towed for about 30 meters eastwards


Engineers Attach Final Tow Chains to Costa Concordia

Salvage going to plan, hulk due to depart July 21. Engineers were securing the final chains to the Costa Concordia on Tuesday, preparing the wrecked luxury liner to be towed away from the Italian island where it sank two and half years ago, killing 32 people.


McDermott to Auction Fabrication Yard Assets

A joint venture of five industrial auction companies will sell the physical assets of the 300-acre McDermott fabrication facility in Amelia, La. McDermott continues to operate its other fabrication facilities at multiple locations worldwide.


Costa Concordia almost Ready for Final Voyage

Costa Concordia

  The massive hulk of the Costa Concordia is nearly ready to be towed away from the Italian island where it struck a rock and capsized two-and-a-half years ago, killing 32 people, officials said on Sunday. The rusting prow of the once-gleaming white luxury liner was due to emerge fully from






 
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