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Ship financing just got less complicated

02 May 2018

BIMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) – the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York.

Demolition report dated 13 May 2022

16 May 2022

It has been a woeful week across all of the major ship recycling markets, with some tumultuous declines leading to minimal interest and offers on any available tonnage. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

BIMCO seeks participants for inventory of hazardous materials survey

20 May 2020

In an effort to understand the situation that members are facing, BIMCO is launching a survey regarding the European Union’s Ship Recycling Regulations’ (EUSRR) requirement of Inventory of Hazardous Materials (IHM) that most cargo ships must comply with from 31 December 2020.

Demolition report dated 3 April 2020

06 April 2020

All of the major recycling locations remain under lockdown for yet another week as the Coronavirus pandemic spreads across the globe. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Tanker market report 27 August 2021

30 August 2021

The latest VLCCs that have been reported as scrapped have joined a small, but up to recently growing number of tankers heading to recycling yards. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Demolition report dated 21 February 2020

24 February 2020

Despite the recent decline across all recycling sectors, SNP activity and deal flow remains comparatively high, especially as freight markets show few signs of improving anytime soon. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 30 August 2019

10 September 2019

Prices remain marooned in the mid USD 300s/LDT as a sluggish summer of offers and sentiments in the global ship recycling markets nears an end. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 29 March 2019

01 April 2019

After a frantic period of activity through most of March, sales have somewhat slowed this week. Surprisingly, India lost several high profile HKC SoC vessels for green recycling last week, to the only RINA approved yard in Bangladesh. However, given that this yard has taken in its quota, India has managed to get back into the buying this week, with a few interesting (market and private) green recycling sales The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 30 March 2018

04 April 2018

The anticipated and feared price decay seems to have truly set in this week, with constant declines across all recycling locations The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.