Features
Weekly Vessel Scrapping Report: 2020 Week 49
by 
Thursday December 10, 2020
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 December 2 – December 9, 2020
| Sale Date | Sold Name | Vessel Type | Built Date | Seller |
| 08-12-2020 | Germ Spring | HANDYMAX | 27-05-1994 | Dia Yuan International Shipping |
| 08-12-2020 | Pacific Energy | LARGE LNG | 01-12-1981 | Bank of Communications |
| 07-12-2020 | Asphalt Alliance | SMALL TANKER | 30-03-1992 | Silver Star Ship Management |
| 07-12-2020 | Stellar Magic | CAPESIZE | 31-01-1994 | Polaris Shipping |
| 03-12-2020 | Berge Lhotse | CAPESIZE | 30-03-1995 | Berge Bulk |
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Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience. -
Apr 16The firm will acquire majority ownership of the Spanish firm for an undisclosed sum, subject to closing conditions and regulatory approvals. -
Apr 15The Athens branch manager of global marine fuel supplier and trading firm Monjasa has stepped down from his role at the company. -
Apr 13A seizure of a ship by Iran would point to a significant widening of the threat to global shipping from current geopolitical tensions. -
Apr 19The new CEO has worked for the firm since May 2013. -
Apr 17The Methanol Institute and SEA-LNG are seeking to arrange an urgent meeting with the European Commission to discuss their concerns. -
Apr 17The longstanding Italian oil firm has hired Tommaso Panzeri to head its bunkering operation, he tells Ship & Bunker. -
Apr 19Denmark's Environment Ministry announced earlier this moth that the discharge of washwater from open-loop scrubbers will be banned in the country's waters from July 2025.