Containerships brace for surge in scrapping
The ship recycling market shows signs of recovery, with an anticipated surge in the scrapping of containerships as older vessels become less viable due to market oversupply.
Priya Blue Group: Guinness Record for Recycling the MV Divo
Priya Blue Group has achieved its second Guinness World Record by successfully recycling the MV Divo, the largest factory fishing vessel ever built, showcasing responsible ship recycling.
BIMCO: Safe recycling of ships under sanctions
BIMCO expresses serious concerns regarding the fate of tankers under sanctions, highlighting the need for safe and environmentally sound recycling, especially after GMS sought U.S. authorization to buy and recycle seized vessels tied to oil trade.