Federal officials are negotiating with a British company that would dispose of 13 ships from the James River "ghost fleet." The proposal, if finalized, would amount to the largest ship-scrapping ...

A decision by the city of Vallejo, Calif., to award a contract to a company to build a ship scrapping facility in Mare Island, Calif., has generated controversy. California Dry Dock Solutions, a newly ...

Converted very large ore carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market ...

In April, the Navy published a notice announcing the beginning of planning to scrap the USS Nimitz. USS Nimitz entered service in 1975 and has spent nearly 50 years operating all over the world. But ...

For the second time in just over a year, YieldStreet, a digital alternative investment platform, has agreed to pay millions of dollars to clients who invested in ship-scrapping loans that are under ...

The sale of a US-sanctioned tanker being pulled apart in India includes extended payment terms and measures to shield the identity of the owner, unusual clauses that point to growing pressure on older ...