The Port of Rotterdam has blazed a path for ports globally in terms of automation, digitalization and decarbonization. As he enters the final year of his tenure, Allard Castelein, CEO, Port of Rotterdam, says there is still much work to do.While many global organizations are adept at ‘talking the talk’
Another solid showing from sub-continent markets has given encouragement to ship owners and cash buyers, to start testing potential prices with firm candidates. Indeed, several deals have been concluded off the back of these improved numbers, including one more Capesize bulker at firm levels basis an ‘as is’ Singapore delivery.
A degree of increased positivity has entered recycling markets this week, said GMS, as prices push on in both India (off the back of firming steel and settling currencies) and Bangladesh (off of a rising demand and a currency that has recently found its stability around BDT 105).In fact, a number of sales have reportedly even taken place at increasingly firm numbers
As we close out another year, sub-continent markets remain suspended at their weakest point for some time now. Pricing remains firm (given the historical price average has been around $350/LDT or so), but sentiments and conditions on the ground across all locations remain somewhat precarious.
RWO recently completed two installations of its next-gen advanced water treatment system (AWTS); the CleanSewage Membrane Reactor (CS-MBR), for Celebrity Cruises. The sewage treatment plant on the Celebrity Solstice-class vessels, Celebrity Silhouette and Celebrity Reflection, have been upgraded to the CS-MBR system, with an additional three orders placed to complete the fleet-wide upgrade.
Any vessels that were made available over the past few weeks have swiftly been withdrawn as recycling markets show an ineptitude to offer any sort of serious numbers, having seemingly forgotten how to buy ships after a prolonged period on the sidelines.Consequently, there have been no market sales for another week
As we head into the fourth quarter of the year, activity seems to be increasing in terms of general availability of candidates and demand from sub-continent Buyers for tonnage. It has been an extremely inert summer / monsoon period across all markets, as rates have cooled off tremendously due to sliding steel plate prices and collapsing currencies.
The international ship recycling malaise that has gripped the markets over these recent / summer months continues for another week, with minimal-to-no activity and barely any firm interest from recyclers, while fundamentals remain ever so fragile.Steel plate prices have once again started to display their share of volatility in India
Sub-continent markets are going to be (seemingly) deprived of tonnage in the foreseeable future, as recycling rates continue their downward descent and tighter restrictions are placed on importing large LDT tonnage into Bangladesh and now Pakistan (with limits on large $ value L/Cs).
Following the recent dramatic price plunges which have seen almost $100/LDT wiped off prices, the ship recycling industry in the Indian sub-continent seems to be taking a bit of a pause, as end buyers remain less than confident to offer any firm prices with certainty, according to GMS.
In step with the maritime industry's mandate to decarbonize, Alfa Laval introduces its E-PowerPack. Able to convert waste heat directly into electrical power, the E-PowerPack reduces fuel consumption and CO2 emissions – creating a simple, cost-saving tool for complying with new sustainability requirements.
Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part.Demand remains rampant and capacity at yards remains open for any available tonnage (market or otherwise)