“Between January and April 2025, dry bulk ship recycling has fallen 24% y/y, reaching a 17-year low despite a 35% y/y drop in the Baltic Dry Index (BDI). While weaker freight rates typically encourage ...

A U.S. District Judge has thrown out a lawsuit challenging a contract to ship vessels from the James River Reserve fleet to Able UK, a ship dismantling firm in the United Kingdom. The company had ...

Japanese conglomerate Sojitz Corporation is funding a Dutch startup that aims to revolutionize the ship-breaking process, it announced. Circular Maritime Technologies International (CMT) is ...