marineindustry Tag

Paper charts remain an indispensable tool in many smaller ships, tugs, and fishing boats worldwide. In many such vessels, there is no space to fit the dual Electronic Chart Display and Information System (ECDIS) which the International Maritime Organization (IMO) requires in order to dispense...

More properly referred to as the "Demolition Market", scrapping of vessels has very measurable effects on the asset value of middle-aged and older tonnage. Let's have a look at what happens at the end of a ship’s service life....