Nine workers died after hydrogen sulphide exposure aboard MT Rasi at Ferdous Steel in Bangladesh, where authorities have suspended operations and opened an investigation.
Elegant Exit Company, RM Company and ISSAC Green Tech have signed an MoU to pursue a green ship recycling hub in South Korea following the entry into force of the Hong Kong Convention.
Pakistan has begun assembling a 1,100 TEU containership at Karachi Shipyard, its first large commercial shipbuilding project in more than 40 years.
MODEC’s FPSO Cidade de Niterói MV18 has arrived in Denmark for ship recycling after completing demobilization from the Marlim Leste oil field offshore Brazil.
India has become the world’s largest ship recycling nation after raising its global market share to 35.4% in 2025, reaching its 2030 target early.
Dismantling work has begun on the grounded MSC Baltic III in Newfoundland as recovery teams prepare to remove and recycle the vessel in a multi-year operation.
Seaway Eagle departed Vlissingen carrying the historic jack-up drilling rig Magniacus, which appears to be heading to Aliaga, Turkey, for recycling.
The former FPSO Northern Endeavour has arrived in Frederikshavn, Denmark, for decommissioning by M.A.R.S. The project now moves into hazard assessment, cleaning, decontamination, dismantling and recycling.
India issued guidelines for ₹44,700+ crore shipbuilding schemes, combining 15–25% milestone-linked support with yard upgrades, clusters, and a credit note worth 40% of Fair Scrap Value.
