Half year review: Demolition

Introduction The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounting for nearly half of all cargo …

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Half year review: Demolition

Introduction The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounting for nearly half of all cargo …

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Cruise Ships: Fleet Development

The current Cruise orderbook sits at 104 vessels, worth an aggregated value of USD 60.3 billion, accounting for 34% of the overall global order book. The flurry of ordering activity experienced between 2014 and 2018 was an attempt by Cruise companies to keep on top of the ever-growing demand for travel. A demand which currently …

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The Covid Cruise Calendar

January 2020: Looking good Total COVID-19 cases = unknown  The quiet before the storm. The Cruise industry had enormous momentum going into 2020. Sailings were at a record high, following a fruitful 2017 and 2018, with 35 and 43 orders placed, respectively. Cruise companies were in good shape, stock for Royal Caribbean Cruises for example …

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The Cruise industry’s COVID-19 crisis: how bad is it really?

Overview At VesselsValue, our Trade platform allows us to measure demand for vessels through applying algorithms and analysis to satellite and terrestrial AIS vessel location data. This provides us with objective, real-time and historical data on Cruise ship activity, including stoppages, journeys and demand trends, at vessel, fleet and global level. On the 3rd February …

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Half year review – demolition

Overview Heading into March 2020 the recycling market had made significant ground and was looking strong. However, the COVID-19 pandemic hit hard and fast, crashing local steel plate prices and forcing tight restrictions, which in turn, for the first time led to yard lockdowns. The first 8 weeks of 2020 saw 67 vessels scrapped, this …

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Half Year Scrapping Round Up

The first half of 2019 saw 201 cargo vessels sold for demolition (sum 2 million tonnes) 75% were scrapped at either Bangladesh or India, with Bangladesh receiving the majority share. Scrapping numbers were down c.18% compared to the first half of 2018. This is a knock on effect from the collapse of the Brumadinho dam …

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