Thu, Jan 15
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    shipbuilding

    Shipbreaking yards in India demolish a total of 527 vessels in 2012, breaking all previous records

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    Shipbreaking yards in India demolish a total of 527 vessels in 2012, breaking all previous records
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    India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons (LDT), considered small tonnages and bearing the name "Chotta Jahaj" in the local market, are usually commanding less rates in the demo market. According to Star Matrix, "they normally find end of life voyage to Mumbai ship recycling yards and hence a co...

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