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Record recycling activity stirs optimism in dry bulk

21 September 2011

In absolute numbers, 2011 is going to be the new Number 1 in terms of the greatest amount ever of dry bulk tonnage leaving the fleet to be recycled. We are on course for more than 20 million DWT to be demolished, with the potential of reaching 25 million if owners continue to be attracted by the relatively high demolition rates and freight rates fail to improve significantly through the remainder of the year.

COVID-19 causes problems for implementing EU legislation

09 July 2020

The COVID-19 pandemic affects the industry’s endeavours to implement the upcoming European Union’s Ship Recycling Regulations (EUSRR) and many shipowners may not be able to finalize the required Inventory of hazardous materials (IHM) prior to the deadline.