Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland. Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices, approaching $500 per ton…
Offshore drilling company Awilco Drilling has completed the sale of the 1983-built semi-submersible drilling rig WilHunter for recycling, meaning the company no longer owns any drilling rigs.The WilHunter, built in 1983 by Daewoo and upgraded in 1999 and 2011…
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