Features
Weekly Vessel Scrapping Report 2024: Week 22
by 
Thursday June 6, 2024
As a credit manager, the last thing you want to discover when chasing an invoice is the vessel you bunkered 4 weeks ago has just been sold for scrap. And today, the risk of that happening is greater than its ever been.
To help keep on top of the most recent changes in the world fleet, every week thanks to online maritime intelligence and information service VesselsValue.com, we tell you which vessels have been sold for demolition in the last week.
Demolition Sales May 30 – June 5, 2024
| Sale Date | Sold Name | Vessel Type | Built Date | Seller |
| 03-06-2024 | Bella Fortuna | SMALL CRUISE | 09-11-1982 | Royal Marine Shipmanagement |
| 01-06-2024 | Nezha | GEN CARGO | 07-12-1973 | Cedar Marine Services |
| 31-05-2024 | Naga 2 | FEEDER | 06-12-1995 | Undisclosed |
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Jul 03The firm has opened a new office in Singapore and hired a regional manager and senior trader. -
Jul 04Maaz Ahmed is stepping down from his role as MEA regional marine fuels manager at Oilmar. -
Jul 04The company saw pre-tax earnings of $22.17 million in the year to April 30, down from $40.9 million a year earlier. -
Jul 02For 2023/24 the firm's pre-tax profit per tonne was about $1.67/mt, down from about $4.45/mt the previous year. -
Jul 03The firm has ordered one 12,500 m3 ship and a 20,000 m3 one from CIMC Sinopacific Offshore & Engineering in China, and chartered a new 20,000 m3 one from Avenir LNG. -
Jul 05The Swedish government has issued a proposal to ban the discharge of washwater from open-loop scrubbers into its waters from July 1, 2025. -
Jul 05The new branch manager worked for Cockett since January 2012. -
Jul 02The purpose of the pause is 'to address project delivery and ensure future competitiveness given current market conditions'. -
Jul 02The new senior trader has worked for the company since July 2021. -
Jul 01The new hire had previously worked for Sing Fuels in its Asia procurement team in Singapore.