Gadani
Anna K [MD] IMO 7525487 Cargo vessel built 1977 - 7,891 dwt
Aliaga
Sergey S [UA] IMO 782872 Cargo vessel built 1979 - 5,485 dwt
Chittagong
Hebei Ambition [HK] IMO 8715651 Vlcc built 1990 - 280,923 dwt
Alang
Dikoni [PA] IMO 8712099 Bulk carrier built 1988 - 186,000 dwt
Hammarabi [KW] IMO 8117287 Container vessel built 1983 - 35,615 dwt
Showing posts with label Alang ship breaking. Show all posts
Showing posts with label Alang ship breaking. Show all posts
Monday, 23 April 2012
Saturday, 21 April 2012
Ship demolition report 21/4/2012
Alang
Blue Mariner [CY] IMO 8103286 Bulk carrier built 1982 - 37,659 dwt
Blue Mariner [CY] IMO 8103286 Bulk carrier built 1982 - 37,659 dwt
Sunday, 15 April 2012
Ship demolition report 15/4/2012
Alang
Seattle Reefer [ LR] IMO 8208969 Reefer built 1983 - 8,410 dwt
Panamax Strength [CY] IMO 8204420 Bulk carrier built 1982 - 69,946 dwt
Seattle Reefer [ LR] IMO 8208969 Reefer built 1983 - 8,410 dwt
Panamax Strength [CY] IMO 8204420 Bulk carrier built 1982 - 69,946 dwt
Sunday, 1 April 2012
Ship demolition report 1/4/2012
Alang
X-PRESS TOWER [PA] IMO 8709717 Container vessel built 1988 - 14,090 dwt
SKY VENUS [HK] IMO 8124917 Container vessel built 1983 - 38,351 dwt
MSC Brooke [PA] IMO 9007506 Container vessel built 1992 - 17,610 dwt
Med Levant [PA] IMO 8210388 Bulk carrier built 1982 - 28,780 dwt
Other
Liv [NO] IMO 7633466 cargo ship built 1977 - 4,410 dwt
X-PRESS TOWER [PA] IMO 8709717 Container vessel built 1988 - 14,090 dwt
SKY VENUS [HK] IMO 8124917 Container vessel built 1983 - 38,351 dwt
MSC Brooke [PA] IMO 9007506 Container vessel built 1992 - 17,610 dwt
Med Levant [PA] IMO 8210388 Bulk carrier built 1982 - 28,780 dwt
Other
Liv [NO] IMO 7633466 cargo ship built 1977 - 4,410 dwt
Saturday, 17 March 2012
Ship demolition report 17/3/2012
Alang
Navajo Spirit [TV] IMO 8613803 Tanker built 1990 - 114,785 dwt
Dover Castle [PA] IMO 8010685 Cargo vessel built 1982 - 41,800 dwt
Napier Star [BM] IMO 9038933 Reefer built 1994 - 11,882 dwt
Navajo Spirit [TV] IMO 8613803 Tanker built 1990 - 114,785 dwt
Dover Castle [PA] IMO 8010685 Cargo vessel built 1982 - 41,800 dwt
Napier Star [BM] IMO 9038933 Reefer built 1994 - 11,882 dwt
Tuesday, 6 March 2012
Alang under strain
With 55 vessels having arrived in Alang, West Coast India during the month of February alone, the statistics paint the clearest picture yet, of an industry under strain from the volume of available vessels.
With end buyers able to choose from a huge array of units, invariably they will pick the best priced vessels with the most suitable specs, something that is leaving a huge number of unsold vessels in the market without an end buyer in place.
Cash buyer inventories may be growing by the day, but unless there is an end buyer lined up these days, it is becoming an increasingly risky business. Indeed, far from being the boom market of the past few years, it has become a very dangerous arena to operate in, with losses just as easily made as the small competitive margins that are often scrapped over tooth and nail.
Whilst the supply persists, foolhardy buyers still pull the trigger, perhaps hoping to ease previous losses by acquiring anew. Yet the strain on the market is there for all to see. It is groaning and creaking under the weight of the available tonnage, almost doomed to the inevitable collapse that may well be lurking just around the corner.
The current supply, demand balance is quite simply unsustainable and mere will need to be some let up in market candidates to see some sort of return to form across the board. Yet, whilst charter markets continue to lurch from crisis to crisis and as rates plummet to new depths, many owners are faced with NO other option but to scrap and for this reason, the pressure to find solutions in the demo markets continues to pile on.
Source: GMS demo
With end buyers able to choose from a huge array of units, invariably they will pick the best priced vessels with the most suitable specs, something that is leaving a huge number of unsold vessels in the market without an end buyer in place.
Cash buyer inventories may be growing by the day, but unless there is an end buyer lined up these days, it is becoming an increasingly risky business. Indeed, far from being the boom market of the past few years, it has become a very dangerous arena to operate in, with losses just as easily made as the small competitive margins that are often scrapped over tooth and nail.
Whilst the supply persists, foolhardy buyers still pull the trigger, perhaps hoping to ease previous losses by acquiring anew. Yet the strain on the market is there for all to see. It is groaning and creaking under the weight of the available tonnage, almost doomed to the inevitable collapse that may well be lurking just around the corner.
The current supply, demand balance is quite simply unsustainable and mere will need to be some let up in market candidates to see some sort of return to form across the board. Yet, whilst charter markets continue to lurch from crisis to crisis and as rates plummet to new depths, many owners are faced with NO other option but to scrap and for this reason, the pressure to find solutions in the demo markets continues to pile on.
Source: GMS demo
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