Shipyards in China’s Vessel-Repair Hub ban arrivals from India

Shipyards in the Chinese coastal city of Zhoushan have banned vessels that called at or changed crews in India in the last three months, citing concerns over rising infections in the South Asian nation. Restrictions on vessels from India as well as Bangladesh are now in place, prohibiting their arrival for maintenance and repair work,.

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Ship recycling stymied by Covid spread through India

All eyes remain on the situation that is currently unfolding in India as each day brings with it record, numbers of Covid-19 cases & deaths as many hospitals across the country are running desperately low on oxygen supplies and vacant hospital beds. More than 400,000 cases are being registered every day now with well over.

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Despite the pandemic, Alang beached 187 ships for recycling

Alang-Sosiya in Gujarat’s Bhavnagar district – home to the world’s largest stretch of ship-breaking facilities – beached 187 ships for recycling in FY21 compared to 202 ships in the previous year, as the ship dismantling activity was hit by the pandemic-induced lockdown. Despite the health crisis, one of the world’s top ship recyclers benefited from.

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Ship recycling rates crash through $500 per ton for favoured units

In its weekly update, GMS described the market as “red hot”, with some of the highest rates being paid across the subcontinent for some years. With the tanker sector still suffering a slump, VLCCs featured prominently amongst recycling candidates while, in contrast, older bulk carriers and container ships continue in service to cash in on.

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Container shipping’s orderbook-to-fleet ratio rockets up to 15%

Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on the tonnage with Alphaliner suggesting IMO’s 2050 decarbonisation deadline and ship lifespans are beginning to play into the minds of owners. Box shipping’s vessel orderbook-to-fleet ratio had steady decreased.

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Cochin Shipyard bats for ‘Make in India’ dredger

With Dredging Corporation of India Ltd (DCI) facing fund crunch, the government is looking at multiple options for financing India’s first locally-built high-end and larger dredger, including asking State-run Cochin Shipyard Ltd to extend equity support to the vessel it will construct for the dredging firm. Mumbai-listed Cochin Shipyard and DCI signed a Memorandum of.

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Ship-Breaking industry’s revenue to rise by 10 % this fiscal, says Crisil

The domestic ship-breaking industry’s revenue is expected to see a 10 per cent year-on-year increase this fiscal due to improved availability of condemned vessels and higher rates for steel scrap, ratings agency Crisil said on Monday. Further, with India enacting the Recycling of Ships Act, 2019, and joining the Hong Kong International Convention (HKC), which.

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