Although the Yards on the EU List offer sufficient theoretical capacity for the EU flagged fleet, the gap in prices between Turkish yards and ‘the rest’ is just too large. Of the 43 yards on the EU list, some of which are not even operational, only the eight Turkish Yards are … [Read more...] about Yard capacity in the EU
Week 33 Market Comment
In contrast to the hot temperatures experienced in the Northern hemisphere it was a cold week in terms of concluded business, though positive sentiment is spreading across the markets. With Monsoon season coming to an end in September demand from India should naturally pick up a bit, with the gap to … [Read more...] about Week 33 Market Comment
Week 32 market comment
A quiet week in terms of concluded business and general market activity with the holiday season in full swing. Respectively the number of market candidates is limited at the moment and although appetite for new tonnage should increase from Bangladesh and Pakistan again after the EID festive came to … [Read more...] about Week 32 market comment
The SENSREC Project
On 24th July an agreement between the IMO and the Norwegian government was signed in order to support phase III of the SENSREC project, including technical assistance for hazardous Waste Management (Treatment, Storage and Disposal) and financial support of approximately $ 1,5 mio. The SENSREC … [Read more...] about The SENSREC Project
Week 31 Market Comment
Pakistani Buyers have been committing tonnage at bullish price levels even above the $350 per lt/ldt mark, paving the way in the sub-continent markets right before the start of the Eid ul-Azha holidays on 31st July (which will slow down the recycling activity in Pakistan). The strong numbers are … [Read more...] about Week 31 Market Comment
EU SRR Yard Capacity
The International Ship Recycling Association issued a press release at the end of last week stating its confidence in the capacity of European Union approved recycling yards. “ISRA concludes that the present capacity of the European List of ship recycling facilities is sufficient to deal with … [Read more...] about EU SRR Yard Capacity
Week 30 Market Comment
Another relatively quiet week in terms of overall business concluded with Monsoon season underway, limited appetite from Bangladesh and the start of the summer holiday season in Europe. That said, some vessels are under offer and the Evergreen units (Ever Decent, Uni Arise and Ever Deluxe) will be … [Read more...] about Week 30 Market Comment
Cash buying activity in India
Cash buying activity in India has been heavily impacted by Covid-19 and left some Cash Buyers exposed with tonnage that was bought on an ‘as is, where is’ basis prior to the Covid-19 market closure. Quite some money has been burned for vessels waiting to be re-sold to end Breakers and subsequently … [Read more...] about Cash buying activity in India
