Deep Water Recovery Ltd.

With India's election results, ship recyclers are busy and prices are strengthening. GMS believes that recycling yards in Alang will perform well if Narendra Modi wins. Bangladeshi taka is weakening, and steel plate prices remain steady. In Pakistan, recyclers are facing challenges, with Gadani recyclers losing out. Turkish lira has remained stable. Indicative prices show Bangladesh leading, followed by India and then Pakistan.⁣⁣ ⁣⁣ Read about this engaging news in detail: https://lnkd.in/gjQN3DrY #deepwaterrecovery #shiprecycling #india #pakistan #turkiye

𝐁𝐢𝐠 𝐧𝐞𝐰𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬!⁣⁣ ⁣⁣ Tsuneishi Heavy Industries (Cebu) is expanding its shipyard, boosting its annual capacity by 25% to reach 30 ships per year. ⁣⁣ ⁣⁣ In a significant move towards greener shipping, the yard is set to construct its first methanol dual-fuel ships, marking a major step in sustainable maritime solutions. ⁣⁣ ⁣⁣ Read more to learn about this exciting news! https://lnkd.in/gBZ8Fwi5 ⁣⁣ #deepwaterrecovery #Shipbuilding #MaritimeInnovation #GreenShipping #TsuneishiCebu #SustainableFuture #Philippines #India

China State Shipbuilding Corporation's two units are merging through a share swap deal. This move is expected to create the world's largest shipbuilding listed company. Trading of shares in both entities has been halted since Tuesday for up to 10 days.⁣ ⁣ Read more to learn about this exciting development: https://lnkd.in/gqUt7rPi ⁣ #deepwaterrecovery #maritime #shiprepair #china #shipbuilding

A green shipping conference in Belize City, Belize (10-11 July) has boosted IMO’s work to support Caribbean countries in decarbonizing their maritime sector. The event gathered more than 80 maritime stakeholders from 18 countries and territories in the Caribbean region, focusing on implementing the 2023 IMO Strategy on Reduction of Greenhouse Gas Emissions from Ships. Key points included developing regulatory frameworks for GHG reduction, alternative fuels and energy-efficient technologies, and the importance of regional cooperation.⁣⁣ ⁣⁣ Read more about this in detail: https://lnkd.in/gWG3yx_q ⁣⁣ #deepwaterrecovery #maritime #greenshipping #sustainability #environmentalprotection

Happy Labour Day, Canada! 🇨🇦 Today, we celebrate every worker's hard work and dedication across this great nation. Enjoy your well-deserved rest, and let's continue building a brighter future together. ⁣ ⁣ #deepwaterrecovery #LabourDay #Canada #holiday

A series of workshops in Bangladesh equipped up to 300 stakeholders with knowledge about safe and environmentally sound ship recycling. The workshops, organized under the International Maritime Organization’s SENSREC project, aimed to boost national capacities for sustainable ship recycling and support Bangladesh's progress towards implementing the Hong Kong Convention. ⁣ ⁣ The workshops addressed hazardous waste management, with contributions from international organizations and national experts. The third phase of SENSREC focuses on improving ship recycling standards and capacity building for Bangladesh, with specific assistance for establishing a hazardous waste treatment facility. ⁣ ⁣ Read more about this amazing initiative here: https://lnkd.in/dbFjjzer ⁣ #deepwaterrecovery #workshop #bangladesh #shiprecycling #wastemanagement

Maritime decarbonisation has become a major focus, and various regulations have been aimed at reducing greenhouse gas emissions. The Hong Kong Convention, set to come into force on 26 June 2025, is a significant milestone in ensuring safe and environmentally sound ship recycling. Other regulations include the Basel Convention, Basel's Ban Amendment, EU Waste Shipment Regulation, EU Ship Recycling Regulation, and the newly implemented UAE ship recycling regulation. ⁣ ⁣ One of the primary requirements is that ships must have an Inventory of Hazardous Materials (IHM) onboard. Once the ship is decided to be sent for recycling, shipowners need to prepare IHM Part II and Part III and send these to the ship recycling facility along with the up-to-date IHM Part I. ⁣ ⁣ The UK P&I Club has published a guide for best practices in compiling IHM.⁣ ⁣ Read more about this in detail here: https://lnkd.in/gdedApf7 ⁣ #deepwaterrecovery #sustainability #Greenship #recycling #maritimeindustry

The Carnival Vista will undergo technical repairs before its upcoming cruise scheduled last August 18, 2024. The maintenance aims to fix recent propulsion issues that led the ship to operate at a reduced speed. The ship is set to return to Port Canaveral for another departure on the same day.⁣ ⁣ Read here to learn more details: https://lnkd.in/ghjmC3gY ⁣ #deepwaterrecovery #shiprepair #shipmaintenance #carnivalvista #carribean #cruiseship

The Department of Planning and Development - Trakhees at the Ports, Customs, and Free Zone Corporation has launched the "Safe Hands...Safe Repairs" campaign aimed at promoting awareness and compliance with health and environmental safety standards in the ship repair sector in Dubai. ⁣ ⁣ The initiative includes creating a digital platform for workers and holding strategic sessions with industry leaders to discuss safety and environmental requirements. ⁣ ⁣ Read more about this exciting initiative here: https://lnkd.in/gnBQsumD ⁣ #deepwaterrecovery #uae #dubai #OccupationalSafety #SustainableRepairs #MarineSafety #EnvironmentalStandards

Bahrain has partnered with A.P. Moller–Maersk to launch a groundbreaking ship recycling initiative. The goal is to build a sustainable ecosystem and contribute to Bahrain's economic vision.⁣ ⁣ 👀 Read more in detail here: https://lnkd.in/gWExHeHg ⁣ #deepwaterrecovery #maritime #shiprecyling #maersk #bahrain #sustainability