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 ...

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 ...

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 ...

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 ...