Shredded Steel News

As freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in, reports cash buyer GMS.Bangladesh and Pakistan rely heavily on imported ship’s steel, not only for domestic / large-scale infrastructure projects, but also for its comparatively ‘healthier’ and ‘rust-free’ condition than other forms of imported scrap metal / steel (HMS 1, HMS 2, shredded steel, etc.)Therefore…

In early August, the fully loaded hopper barge 2001 sank in approximately 25 feet of water while transiting the Kill Van Kull, a waterway that connects Newark Bay to New York Harbor. The barge was loaded with approximately 1,500 tons of shredded steel, as reported by owners. Donjon removed the cargo, rigged the barge for lift, and later refloated it and returned it to its owners. The barge had a light ship displacement of more than 500 tons. ”Whether close to home, like this job near Newark Bay…