Read Demo Weekly AUGUST 04 text version

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>>>>THE RELIABLE SOURCE FOR DEMOLITION NEWS

VOL IV, ISSUE 31 FOR THE WEEK ENDING AUGUST 04, 2006

>>>>Truth knows no bias

>>TREND WATCH

NO MORE BLUES

ain and pain return to Mumbai even as breakers at the heavy metal beach of Alang expressed happiness over the Supreme Court giving permission to scrap the ill-fated Norwegian ship the Blue Lady a.k.a SS Norway. From the luxury beaches of South Florida to a reluctant controversial docking off Pipavav's coast last month, the SS Norway's 45-year-old voyage has finally come to an end. Two senior officials of the apex court appointed technical committee who requested anonymity, informed the panel has allowed the ship to be broken. "The Blue Lady will enter Alang," one of them said. "It will be dismantled soon." A Gujarat Pollution Control Board (GPCB) team had visited New Delhi on July 29 and apprised the apex court committee about the inspections conducted on the ship. The SC committee cleared the ship for scrapping after asking the GMB to ensure that the wastes generated during the breaking the vessel were disposed off in a safe manner. But it may well not be laid to rest as easily. The ownership of the ship has already changed hands due to "unspecified reasons". Former owners of the ship, Haryana Shipbreakers, have offloaded the vessel valued at approximately US$15.5 million to another Alang-based shipbreaker. Besides, the shipbreakers claim there are stringent strictures for the disposal of the 1,240 MT of toxic asbestos, and polychlorinated biphenyls (PCBs), a neurotoxin, which will make it difficult to maintain margins. "We are told that the Gujarat Pollution Control Board will be monitoring the dismantling and disposal closely.

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The pressure lobbies may cry their lungs out, breakers at Alang merrily await the arrival of Blue Lady as it promises to take care of a lot of their problems

MORE UP AHEAD> > >

AUGUST 04, 2006

>>>CONTD FROM PAGE 1

>> TREND WATCH

NO MORE BLUES

e have not decided on the actual disposal process, but it could be outsourced to a private agency. This would make a substantial dent to our margins," a shipbreaker from Alang said on condition of anonymity. The workers, however, are happy. "I would like to thank the Supreme Court for allowing the ship to be scrapped," said T. M. Patil, Chairman, Mahanagar Palika Corporation. At the time of her construction, the Blue Lady was the longest passenger ship ever built. Her 316-metre length remained unchallenged until thea construction of the 345-metre RMS Queen Mary II in 2005. "The Blue Lady which will be coming has three benefits for the people of Alang. Firstly, it will stabilise the working of Alang, Secondly, it will bring in a revenue of Rs 25 crore for the state government and lastly, it will solve the employment problem in Alang," said a senior manager with a shipbreaking firm. Meanwhile, demo tonnage remains scarce and freight rates are still holding strong, which means sales will be few and far between. We are seeing a repeat of past few weeks where owners are in two minds whether to commit their vessels to demo or trade further. Though tweendecker Krabi Navee is inviting demo bids, 6, 500 lwt vessel is open to trading interests, too. The only confirmed sale of the week is that of the Italian controlled Luigi Lagrange (11,933 lwt) sold on as-is basis in Fujairah to Pakistan for US$360 with 675 tonne of bunkers ROB. Rumours surround sale of the 18,592 lwt aframax tanker Ocean Star, which has been committed to Bangle breakers for US$385.

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DEMOGRAPHICS

Name of the Vessel LPG Luigi Lagrange Details (1977 Italy­build, 11,993 lwt includes about 675 tons bunkers r.o.b.) Price US$360 Cash Buyer Undisclosed Place of Delivery As-is-Fujairah for Pakistan

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