Ship Breaking articles & resources on Made-in-China.com

China Announced Revisions to It Subsidy Program

Dec 12, 2013

China announced revisions to it subsidy program for companies breaking old transport ships and single-hulled tankers Monday, but industry insiders said this would do little to cut restrictions on what ships could be broken. "This will ...

Tags: Ship Breakers, Subsidy Scheme

China Is Expected to Unveil New Subsidy Rules Involving The Demolition of Ships

Nov 14, 2013

China is expected to unveil new subsidy rules involving the demolition of ships this year, according to China Securities Journal. The draft is currently in the approval process from related ministries, including the Ministry of Finance ...

Tags: Ship-Breaking Subsidy

A New Software Solution Has Been Developed by Germanischer Lloyd

Jul 8, 2013

GL IHM Green Server smoothes EU ship recycling compliance Wednesday, Jul 03, 2013 A new software solution has been developed by Germanischer Lloyd (GL) to streamline compliance with the newly adopted European Union regulation on ship ...

Tags: Transportation, Service, Ship

Fewer of The Larger Candidates on Offer Meant an Overall Bleaker Week

Jan 7, 2013

Fewer of the larger candidates on offer meant an overall bleaker week in the Pakistan market as others concluded candidates due to geographic positioning and India being able to take smaller limits such as handy size bulkers. It has ...

Tags: ship breaking industry, bulkers, VLCC, suezmax tanker

The USA Owned Container Vessel MADURA (7,381 LDT) Was Concluded for a Very Firm USD 44S

Jan 6, 2013

Despite Christmas holidays fully underway, the Indian market still found the time to conclude a few deals at some impressive numbers The USA owned container vessel MADURA (7,381 LDT) was concluded for a very firm USD 44S.LT LDT (the ...

Tags: Indian market, Christmas holidays, vessels, Ship Breaking

Unperturbed by The Holidays, Fewer Deals Were Done

Jan 6, 2013

As the Chinese market furrowed on, unperturbed by the holidays, fewer deals were done, perhaps due to a slowdown in the number of negotiable candidates as many owners were already in a holiday mode. One deal was however concluded - ...

Tags: China, Ship Breaking Industry, ship breaking, China economy

Plenty Ct Deliveries Continued Over The Festive Period with a Beaching Tide Falling Firmly

Jan 6, 2013

Plenty ct deliveries continued over the festive period with a beaching tide falling firmly over the holiday/New Year period. The number of new market deals concluded though was minimal with many owners prepared to wait until after the ...

Tags: GMS, Bangladesh, Ship Breaking Industry, Week 52, 2012

Plenty Ct Deliveries Continued Over The Festive Period with a Beaching Tide Falling Firmly

Jan 6, 2013

Plenty ct deliveries continued over the festive period with a beaching tide falling firmly over the holiday/New Year period. The number of new market deals concluded though was minimal with many owners prepared to wait until after the ...

Tags: Bangladesh Ship Breaking, transport, India, market

The Festive Period Brought The Inevitable Slowdown in The Number of New Deals Concluded

Jan 5, 2013

The festive period brought the inevitable slowdown in the number of new deals concluded - after the record-breaking year about to finish. As such, local markets could perhaps be forgiven for the break in pace. Deliveries continued aplenty ...

Tags: Ship Breaking Industry, Ship Breaking, India, China

It Was Another Difficult Week of Decline and Fall in Alang

Dec 28, 2012

As the lowliest of the Indian sub continent markets, it was another difficult week of decline and fall in Alang as cash buyers and owners struggled to get their vessels delivered at previous high prices. Several as is deals with Indian ...

Tags: India, sub continent markets, vessels, transport

Pakistani Market Are to Acquire Preferred Units Whilst Largely Ignoring Those Vessels

Dec 28, 2012

Much like the Pakistani market at present Bangladeshi buyers are there to acquire preferred units whilst largely ignoring those vessels that actually are firm candidates. A dearth of VLCCs, suezmax tankers, and capesize bulkers oil late ...

Tags: Pakistani market, vessels, oil, oil industry

Many Units That Had Been Available Since Last Week Particularly

Dec 28, 2012

A noticeable slowing in the number of candidates and actual deals concluded for the week seemed to signal the start of the inevitable slowdown mat will likely characterize the Christmas and New Year period. Indeed, many units that had ...

Tags: India, oil, oil industry, festive period

Gadani Buyers Spent Another Frustrating Week on The Sidelines

Dec 28, 2012

With plenty of demand for larger units, Gadani buyers spent another frustrating week on the sidelines having to content themselves with the only available tonnage on hand that is handy size bulkers, panamax bulkers, passenger ships, ...

Tags: tonnage, handy size bulkers, panamax bulkers, passenger ships, containers

ZHUSHUI 8 Was Sold for USD 365/LT LDT Into South China

Dec 27, 2012

With prices once again pushing on to Indian sub-continent levels, it was no surprise to see the Chinese market snap up one or two vessels positioned in the area and from local owners. The Danish built panamax bulker ZHUSHUI 8 (12,250 ...

Tags: India, Chinese market, ship, price

The Federal Board of Revenue Will Apply Section 153 of The Income Tax Ordinance 2001

Dec 24, 2012

Business Recorder reported that the Federal Board of Revenue will apply Section 153 of the Income Tax Ordinance 2001 on the ship breaking industry and recover 3.5% withholding tax on sale of ship plates to steel re-rolling mills recovery of ...

Tags: Federal Board of Revenue, Income Tax Ordinance, withholding tax, steel

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