Ship Recycling Market Impacted by Middle East Situation
Bangladeshi and Pakistani markets have been making noticeable improvements over recent weeks, but there remains an ongoing shortage in the global availability of ‘market’ tonnage for ship recycling, reports cash buyer GMS.As evident from the number of arrivals and beachings this week, an increasing number of ship recyclers have clearly managed to and are reportedly still in the process of obtaining further approvals on L/Cs from their respective banks.
US Forces Shot Down Houthi Drones on Friday
The U.S. Central Command said on Saturday U.S. forces engaged and shot down several unmanned aerial vehicles (UAVs) over the Red Sea on Friday, and also destroyed four drones that Houthi forces were preparing to launch from Yemen."U.S. forces identified the UAVs in Houthi-controlled areas of Yemen and determined that they presented an imminent threat to merchant vessels and the U.S.
Americas Cup Innovation & a Carbon-Free Shipping Future
The Golden Gate Yacht Club (GGYC) represented by BMW Oracle Racing and the Société Nautique de Genève (SNG), the Americas Cup defending champion, represented by Team Alinghi were entwined in a 2.5-year legal battle over multiple court cases, including hearings in the New York Supreme Court and the Appellate Division of the New York Supreme Court, prior to the 33rd edition of the race, due to take place in 2010.The parties disagreed about the location…
