Indian Recyclers Are Bidding Into Losses as End-of-Life Tonnage Dries Up
High-standard Indian recycling facilities are bidding aggressively for the limited tonnage available even when the economics suggest a substantial loss at current steel prices.
Sanctioned Ships Account for 58 Percent of Tanker Scrapping in 2026
Sanctioned vessels are taking an extraordinary share of the tanker recycling market this year, with 22 blacklisted tankers making up 58 percent of all reported tanker demolition sales.
Troubled shadow VLCC closes in on endgame
The 2002-built VLCC Era — formerly Marinera and Bella 1 — has reappeared under the Comoros flag with a demolition-linked manager, suggesting the much-renamed shadow-fleet tanker may be nearing its final voyage.
United States Sends Seized Shadow Fleet Tankers For Demolition
The United States has begun sending ageing tankers seized in its sanctions enforcement campaign to demolition rather than allowing them back into circulation.
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