TURKEY Sentiment : Stable Gen Cargo (Dry) : USD 245/ LDT Tankers (Wet) : USD 265/ LDT * BANGLADESH Sentiment : Low Gen Cargo (Dry) : USD 510/ LDT Tankers (Wet) : USD 520/ LDT * PAKISTAN Sentiment : LOW Gen Cargo (Dry) : USD 500/ LDT Tankers (Wet) : USD 510/ LDT  INDIA Sentiment : Low Bulker (Dry) : USD 490/ LDT Tankers (Wet) : USD 510/ LDT  Container: USD 510/LDT*

NAME TYPE NAME TYPE
GOLDEN VIRGINIA – TANKER SEA ANGEL – OSV
NAND KRISHNA – OFFSHORE OSV ALAN – OSV
NAND PANNA – OFFSHORE OSV SEA JUMBO – OSV
GREENWICH – GEN CARGO NOOR AL RABEE – GENERAL CARGO
SAGAR 4 – OFFSHORE OSV BLESSING – OSV
       
       
BUSHRA V – GEN CARGO DINA – OSV
SEBA STAR – GEN CRGO IND – OSV
IRON BUTTERFLY – MPP/CARGO MERD – OSV
OCEAN GULF – CONTAINER NURBANO 1 – LPG / TANKER
SEA BREEZER – CONTAINER NAJDIAH – TANKER
TRANSLANDIA – RORO GEO GANGASAGAR – RESEARCH / OSV
EXPRESS – CONTAINER CHALLANGER – OSV
USL – RORO/CARGO BUMONI – PLATFORM BARGE
SIS PIONEER – OSV DOLPHINE PRINCESS – OSV
HERCULES – OSV VIRGINIA N – TANKER
STORM – OSV TSC HOMA – OSV
AURELLIA – TANKER QUEEN ZEIN – GENERAL CARGO
SAHEEN 3 – GEN CARGO ATTAIR – TANKER
GOLD STAR – GEN CARGO SILVER STONE – CH. TANKER
AADYA – OSV BLUE MOON – GENERAL CARGO
YARABAH – OSV AQUARIUS – TANKER
IBBA – OSV RUBY STAR – TANKER
SOHA FOLK – OSV MOHAMMAD 1 – GEN CARGO
THERESSA – OSV SEA QUEEN – CONTAINER
TIBA – OSV LADY SARAH – TANKER
SEA CROWN 2 – OSV GREEN BELT – TANKER
HELLAS M – TANKER FRACHTIS – TANKER
OCEAN MAJESTY – OSV WILLET – TANKER
MANAK 1 – OSV CHIRON – TANKER
SHINANO MARU – OSV VICTORY – TANKER
SHAHEEN II – GENERAL CARGO SEP BARGE – OSV
SEA ANGEL – OSV OMAIR - TANKER
ALAN – OSV PRINCESS SAMA - TANKER
SEA JUMBO – OSV SEA WORLD -TANKER
NOOR AL RABEE – GENERAL CARGO RIDLEY THOMAS

- RESEARCH VESSEL
STELLA KARINA - FISHING VSL  

 

Krypton Maritime LLC

Home Krypton Maritime LLC

About Us

Krypton Maritime LLC, UAE mainland company, started to work purely for cash buying in 2016, The roots of Group date back to the year 2003.

Krypton Maritime LLC special purpose vehicle, for cash buying trade and developed with repeated transaction with ship owners, which gives us more strength and energy to approach ship owners.

Krypton Maritime Serving as a transaction intermediary agent company that works with ship owning companies and the ship recycling yards to complete the process of ship deliveries both logistically and financially. The business transactions are concluded on a cash basis with ship owners and by negotiating and discounting letters of credit issued by banks in India and Pakistan /Bangladesh with ship recycling yards. It is a critical requirement of this type of business part that we can rely on a first class network of banks for our business to ensure timely and seamless completion of the transactions.

Overview of Ship Recycling Market-

When a ship reaches the end of its working life it still has an inherent value for its scarp metal content. The principal markets for recycling are India, Bangladesh, Pakistan, China, and Turkey to a lesser extent. The countries are active in the recycling market as they possess all the requirements to make it economically viable.

The scrap price for vessels, like any other commodity, fluctuates with demand and supply. The demand for scrap is driven by around 300 recycling yards. The supply side of the market is driven by a combination of oil prices, freight/charter rates, and the aging profile of the vessel which will determine the viability of operating vessels of selling them for recycling.

The recycling market is actively supported by a large number of specialist shipbrokers who issue “in-house” market reports and keep buyers and sellers aware of the current scrap steel price levels and who actively match buyers and sellers.

It is very rare for a ship breaker/recycling yard to purchase a vessel directly from a shipowner, as due to the nature of their business, the scrap yards usually wish to pay for vessels on a deferred payment term under a letter of credit issues by their bankers, whereas the shipowner is required to be paid on a cash basis.

This impasse is resolved by trading companies (“cash buyers”) which stand between the ship owners and the recycling yards as principles in the transactions. The cash buyers pay the vessel owners cash for the vessels and are prepared to accept payment under letters of credit from the recycling yards.