In FY25, Alang-Sosiya in Gujarat recycled only 113 ships, the lowest in a decade, with a Light Displacement Tonnage of 10.06199 lakhs. The decline is due to booming freight rates, as fleet owners choose to keep old ships. Despite this, there is potential for increased volumes in the future.
Owners and operators are navigating new hull coating challenges amid environmental concerns and decarbonization regulations. Advanced monitoring technologies and digital forecasting tools from brands like AkzoNobel and Jotun help assess performance and compliance. Lloyd’s Register awarded GIT Coatings with the first Enhanced Antifouling Type Approval, emphasizing the industry’s shift towards sustainable practices.
This week (09-15 Dec. 2024), the maritime sector experienced pivotal developments, including the Mumbai Port Trust’s heritage tours, advancements in ship recycling legislation, and innovations in autonomous shipping technology. Furthermore, the need for improved seafarer welfare and environmental regulations highlights the industry’s commitment to navigating a sustainable and equitable future.
