With freight rates firming up in most shipping markets, ship owners have been less inclined to sell their older and – let’s not forget, debt-free ships for recycling. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there…
“Healthy” Shipping Market Means “Unhealthy” Ships’ Recycling Market Read More »
For the first time since January 2016, the VV value of a resale VLCC has gone above $100m ($101.36m as of GMT 0936 1st Nov 2019). The last time we saw these levels was between May 2014 –and Oct 2015. Before this it was during the super cycle of 2007/20…
Resale VLCCs Break $100m for First Time in 3 Years Read More »
The salvage industry faces numerous challenges nowadays. Salvage cases tend to be more complicated technically and expensive. This is, in large measure, due to the increased size of vessels, increased values of their cargo and external influences such …
The 15 crew members aboard the Ram XVIII were all evacuated without major injury
US safety agency blames ‘industry practice’ for overturned liftboat Read More »