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日本海事新聞ニュース Japan Maritime Daily Aug 20, 2025 (Wed)

The Crucial Role of Cash Buyers in the Ship Recycling Business

Best Oasis Group logo (headquartered in Dubai, Middle East)

　In ship scrapping, the presence of cash buyers is growing. They connect shipowners, recycling yards ・・・続きはログインして下さいnext %E3%80%80In+ship+scrapping%2C+the+presence+of+cash+buyers+is+growing.+They+connect+shipowners%2C+recycling+yards%2C+financial+institutions%2C+and+brokers+to+enable+smooth+recycling.+Cash+buyers+purchase+ships+slated+for+scrapping+from+shipowners%2C+make+the+necessary+preparations+for+the+voyage%E2%80%94such+as+crew+assignment%2C+insurance+coverage%2C+classification%2C+and+flag-state+transfer%E2%80%94and+then+sail+them+to+the+scrapping+country+to+complete+the+process.+They+also+have+the+ability+to+sell+L%2FCs+%28letters+of+credit%29+issued+by+the+scraping+yard%E2%80%99s+financial+institutions+to+other+financial+institutions+or+the+like+for+early+cash+realization%2C+and+they+can+also+accommodate+cases+where+shipowners+themselves+sail+the+vessels+to+the+country+where+they+are+scrapped.+Amid+rising+scraping+demand%2C+ship+scraping+using+cash+buyers+is+expected+to+increase.%3Cbr%3E%E3%80%80The+practice+in+which+a+cash+buyer+purchases+a+ship+scheduled+for+scraping+and+sails+it+as+is+to+the+scrapping+country+is+called+%E2%80%9Cas+is+where+is.%E2%80%9D+After+purchasing+the+ship%2C+the+cash+buyer+assigns+crew+to+it%2C+completes+the+necessary+insurance%2C+classification%2C+and+flag-state+registration+procedures%2C+and+sends+it+to+major+scrapping+countries+such+as+India%2C+Bangladesh%2C+and+Pakistan.%3Cbr%3E%E3%80%80The+cash+buyer+becomes+the+shipowner+for+the+final+voyage+to+the+scrapyard+and+assumes+the+vessel%E2%80%99s+asset+risk%2C+ship+management+risk%2C+and+scrap+market+risk.+This+is+a+major+difference+from+brokers.%3Cbr%3E%E3%80%80Instead+of+arranging+crew+through+regular+ship+management+or+manning+companies+that+handle+voyages%2C+there+are+management+companies+that+specialize+in+these+scrap+voyages.+For+cash+buyers%2C+strengthening+collaboration+with+such+ship+management+companies+is+also+becoming+essential+as+one+of+the+key+pieces+of+know-how.%3Cbr%3E%E3%80%80The+number+of+crew+members+is+not+smaller+than+during+normal+operations+just+because+the+vessel+is+slated+for+scrapping.+Personnel+who+meet+the+flag+state+requirements+are+necessary%2C+and+although+it+depends+on+the+ship+type%2C+even+on+the+final+voyage+the+number+is+generally+around+20.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+Needs+among+domestic+coastal+shipowners%3Cbr%3E%E3%80%80Hiromu+Abe%2C+president+of+Best+Oasis+Japan+%28Chuo-ku%2C+Tokyo%29%2C+a+Japanese+cash+buyer+established+in+July%2C+said%3A+%E2%80%9CEspecially+when+domestic+coastal+shipowners+consider+scrapping%2C+it+is+quite+a+hassle+for+them+to+sail+themselves+to+major+scrapping+countries+such+as+India.+In+such+cases%2C+it+would+undoubtedly+be+smoother+to+use+a+cash+buyer%2C+even+if+the+amount+for+scrapped-and-sold+ships+decreases+somewhat.%E2%80%9D%3Cbr%3E%E3%80%80On+the+other+hand%2C+in+the+case+of+major+shipowners+who+are+well+versed+in+ocean-going+shipping%2C+they+often+sail+the+vessels+themselves+to+the+country+of+scrapping.+However%2C+L%2FC+settlement+is+mandatory+for+transactions+with+scrapping+yards.+The+presence+of+a+cash+buyer+is+necessary+to+ensure+smooth+monetization+and+proper+negotiations+with+the+scrapping+yard.%3Cbr%3E%E3%80%80For+shipowners+in+particular%2C+it+is+a+risk+if+cash+is+not+received+immediately+once+they+have+let+go+of+a+ship.+%E2%80%9CIf+the+scrapping+yard+or+the+L%2FC+issuing+bank+were+to+go+bankrupt+before+the+ship+is+handed+over+and+cash+is+obtained%2C+there+would+be+no+prospect+of+cashing+in.+After+beaching+%28a+major+scrapping+method%29%2C+the+vessel+has+already+begun+to+be+dismantled+and+thus+no+longer+has+asset+value+as+a+ship.%E2%80%9C+%28Abe%29%3Cbr%3E%E3%80%80However%2C+as+cash+buyers%2C+they+can+immediately+purchase+vessels+scheduled+for+scrap.+For+shipowners%2C+the+ability+to+obtain+cash+immediately+is+a+major+attraction.+After+the+purchase%2C+the+cash+buyer+sells+the+L%2FC+presented+by+the+scrapping+yard%E2%80%99s+financial+institution+to+another+financial+institution+to+obtain+cash.+The+method+of+purchasing+a+ship+that+the+owner+will+sail+to+the+country+where+the+ship+will+be+scrapped+is+called+%E2%80%9Cdelivered%2C%E2%80%9C+and+the+act+of+selling+the+L%2FC+to+a+third-party+financial+institution+or+the+like+for+early+cash+realization+is+called+%E2%80%9Cdiscount%E2%80%9C+or+%E2%80%9Cforfaiting.%E2%80%9C%3Cbr%3E%E3%80%80According+to+BIMCO+%28the+Baltic+and+International+Maritime+Council%29%2C+ship+scrapping+over+the+next+decade+is+expected+to+double+in+terms+of+the+number+of+vessels+and+to+triple+in+terms+of+the+dead+weight+tonnage+compared+with+the+past+decade.%3Cbr%3E%E3%80%80As+scrapping+demand+expands%2C+the+importance+of+cash+buyers+who+can+respond+quickly+to+shipowners%E2%80%99+needs+for+cashing+in+is+expected+to+increase+further.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E