Germany-based protective coatings innovator Steelpaint GmbH is urging shipowners, shipyards, and port authorities with steel assets to prioritize surface preparation, advising that skimping on this critical step in the application process is leading to premature coating failures, costly repairs, and increased safety risks.
The “raging fires of tariffs and counter-tariffs” that continue to suppress recycling vessel prices are creating a path for falling prices in the first, and possibly second, quarter of 2025, reports cash buyer GMS.“Some of the seriously older tonnage that has gotten an extension on their expiration dates via global events and wars that saw charter rates soar through the skies across 2023 and