Scrap prices could break $400, says GMS

 

 

 

 

Photo: Studio Fasching
Mainstream ship recycling yards on the Indian subcontinent have hiked their prices during the first two weeks of November, and there are signs that the $400 per light displacement ton (ldt) watershed could soon be breached.

Paul Bartlett | Nov 17, 2020

 

According to a market report from GMS, the world’s largest buyer of ships for recycling, indicative prices for containerships in Pakistan are now around $380 per ldt, with India ten dollars behind, and Bangladesh a further ten.

The same differentials apply for bulk vessel prices, according to GMS. Pakistani breakers are now typically paying around $370 for tankers and $360 for bulk carriers. 

The company notes that the European Commission’s most recent tally of approved recycling

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The Ugly Side of Life on Ship – True Story

By  | In: Life At Sea |

Last Updated on October 9, 2019

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Let’s face it! Working on ship is not only tough physically but mentally as well. Dealing continuously with conflicting opinions, racing nerves, and altering egos, a mariner fortunately or unfortunately falls prey to a system, wherein molding according to a situation becomes imperative. Unlike in other fields, professional politics on ship can sometimes take a form too ugly to fathom.

Vikram Dileepan, a 4th engineer working with a reputed shipping company, narrates an incident which changed his point of view not only on certain aspects of the shipping world but also on the complexity of life we live.

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Representation Image – Photograph by Delimajunel

 

Note: Any reference or description relating to anyone living or dead

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Top 10 World’s Largest Container Ships In 2019

 

 

 

Top 10 World’s Largest Container Ships In 2019

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The International Shipping Industry shares a major chunk, about 90%, of the global trade in goods. According to the International Chamber of Shipping, there are more than 50,000 merchant ships operating in the oceans currently.

Container ships (also spelt as containerships) are cargo ships that carry the load in large-sized intermodal containers. They are classified into various categories, based on their carrying capacity. Presently, there are seven major types of container ships in service. In ascending order, they are – Small Feeder, Feeder, Feedermax, Panamax, Post Panamax, New Panamax (or Neo Panamax) and Ultra Large Container Vessel (ULCV).

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Life On Board a Merchant Ship

 

 

 

 

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Experiencing the high seas, vast horizons, changing tides and the visual delights of maritime flora and fauna may appear fascinating to a travel enthusiast or a layman. However, when the same experience becomes part of daily life, the picture is not as rosy as it sounds.

The life of a seafarer or a member of a merchant vessel’s crew, is extremely challenging. While their job enables the movement of thousands of tonnes of essential commodities across the globe, round the clock, it comes at a cost. When on duty, seafarers have to be alert for a minimum of 15 hours a day (in most cases), which takes a toll on their health.

There are approximately 1.2 million men and

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Top 10 World’s Largest Container Ships In 2019 (2)

 MarineInsight

3.1 KSHARES

The International Shipping Industry shares a major chunk, about 90%, of the global trade in goods. According to the International Chamber of Shipping, there are more than 50,000 merchant ships operating in the oceans currently.

Container ships (also spelt as containerships) are cargo ships that carry the load in large-sized intermodal containers. They are classified into various categories, based on their carrying capacity. Presently, there are seven major types of container ships in service. In ascending order, they are – Small Feeder, Feeder, Feedermax, Panamax, Post Panamax, New Panamax (or Neo Panamax) and Ultra Large Container Vessel (ULCV).

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Image Credits: Wikimedia

The vessel is the world’s first 20,000 TEU-class container

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