We recently posted about how the US Navy’s last two non-nuclear carriers were sold for scrap for the modest sum of one cent each. By some standards, that was not such a bad deal. A recent report by the General … Continue reading
Tag Archives: scrapping
On July 24th, the Dutch sail-training brig Astrid sank after running aground on rocks on the Irish coast on the western mouth of Oysterhaven, near Cork. On September 13th, the ship was lifted off the rocks using a 937-tonne floating … Continue reading
Last month we posted that tanker charter rates were at the lowest they have been in 14 years and that the number of large tankers in lay up was approaching levels similar to those during the slump in the 1980′s. This … Continue reading