The US Navy is in the process of releasing some of its largest decommissioned ships for scrap to save on the cost of maintaining the vessels. Constellation was decommissioned at North Island in ...

prompting their owners to consider scrapping them for some monetary returns. At the same time, ship-breaking companies are nervous about taking sanctioned vessels for demolition, for fear of being ...

The sudden action by the US Treasury Department against the 300,000-dwt crude carrier Itaugua (built 1997) and its last owner Itaugua Services is reportedly scaring off ship-starved recyclers who were ...

Global Ship Breaking Market is valued at approximately USD 3.98 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2024-2032. Read the ...