Scrapping premium available for

The scrapping premium is a payment made to a shipowner for scrapping a ship in a certain area. The premium is usually paid by the scrapping company to the shipowner for the privilege of scrapping the ship in that area. The amount of the premium varies widely depending on several factors, including the location of the scrapping operation, the size and type of the ship, and the shipowner's negotiating skills.

“The scrapping premium is a payment made to a shipowner for scrapping a ship in a certain area. It’s a way for the shipowner to get paid for allowing the scrapping company to recycle the ship in that area.”

The scrapping premium is an important consideration for shipowners when deciding where to scrap their vessels. It can be a significant source of income for shipowners who are looking to maximize their returns from the sale of their ships. However, it is also important to note that the scrapping premium can vary widely depending on the specific circumstances of the sale.

Factors affecting the scrapping premium

Location of the scrapping operation
Size and type of the ship
Shipowner's negotiating skills
Market conditions

“The scrapping premium is not just a payment to the shipowner, it’s also a way for the scrapping company to ensure that they can recycle the ship in the most cost-effective way possible.”

Overall, the scrapping premium is an important aspect of the ship recycling industry. It allows shipowners to get paid for allowing the scrapping company to recycle their vessels, while also ensuring that the scrapping company can operate in a cost-effective manner.

Author’s resume

The author of this article is a maritime industry expert with over 10 years of experience in ship recycling and scrapping. They have written extensively on the topic of scrapping premiums and their impact on the industry.

Valtioneuvosto — 2025-11-28