Cash Buyers : Compass Shipping Agency

Compass Shipping Agency (CSA) also involved in the ship recycling business and have a good express and where representing our principal in Inspection, purchase and selling of old ships for recycling mainly for India and Bangladesh for many years.

CSA, considering above experience, introduce its Cash Buyer service to Ship owner and Ship Recycling yards since 2025, since then CSA negotiated Re-cycling / demolition vessels regularly with ship Owners, offshore / Maritime assets owners.

CSA specialized intermediaries in the ship recycling industry who purchase end-of-life vessels directly from ship-owners, paying upfront before selling them to breaking yards and also back-to-back deliveries. We facilitate the final voyage, manage risks, and act as principals.

We are a trusted cash buyer of ships, leveraging our extensive expertise in the maritime and recycling markets. We offer competitive, transparent cash offers for vessels in all conditions, ensuring efficient, hassle-free transactions and guaranteed fast payments.

The CSA represented to all major Ship Recycling / breaking yards around the world, our Cash Buyers service mainly focus for ALANG SRY, India breaking yard where close to vessel location in ASIA. our exclusive representatives in India ship recycling markets, CSA has successfully negotiated and delivered many different type of vessels from Various Ship Owners Company, worldwide including delivery at ALANG, India and “As is where is” basis.

We take pride in being part of green ship recycling. The Ship Recycling Yards / Companies and our Associates’ / Partners have many yards; operate certified green ship recycling yards, which allows us full control over the entire recycling process, ensuring sustainability, compliance, and resource recovery at every stage. Our green ship recycling operations can built around the principles of environmental responsibility and circular economy, aiming to reduce the carbon footprint and waste from end-of-life vessels, while safely disposing of hazardous materials in strict compliance with international regulations.

Our mission is to lead the ship recycling industry with a commitment to environmental sustainability, safety, and quality, With over 30 years of experience in Ship Recycling Industry for Ships Agency Operation, Vessel’s Inspection, S+P, Ship Green Ship Recycling Services, Supervision of Ship Recycling operation, handling / disposal of inventory, Supplies, Ship Chandling, exporter of second hand Marine Spares, equipment, machineries and Maritime Services etc., we strive to deliver exceptional value to our customers by leveraging our industry expertise, strict adherence to standards, and an extensive global network in the responsible dismantling and recycling of end-of-life vessels.

To be the global benchmark for sustainable and responsible ship recycling recognized for our unwavering commitment to environmental protection, worker safety, and the highest industry standards.

CSA specialize in the purchase and onward sale of demolition tonnage and as such is one of the cash buyers engaged in ship recycling.

Our prime objective is to provide a highly professional and reliable service to our clients with the aim of developing long-term business relationships. As a result, we have been able to transact repeat business with major ship owners worldwide and with major recyclers in India and Bangladesh. We have a dedicated team of professionals in both India and Bangladesh who handle all aspects of the sale and delivery. Whilst not our primary focus, we can deliver vessels to Pakistan and Turkey.

CSA can buy any vessels from 1,000 LDT to 70,000 LDT on a 'delivered' basis or on an 'as is' basis, which could be either under own power or undertow.

A “Cash Buyer” as the name suggests, is an entity that purchases a vessel for “Cash” from the owners and delivers it to a ship-recycling yard (Ship Recyclers). Cash Buyers are not brokers. Cash Buyers are PRINCIPALS/TRADERS. Cash Buyers take delivery of vessels on both “delivered” and “as is where is” terms.

A “Cash Buyer” as the name suggests, is an entity that purchases a vessel for “Cash” from the owners and delivers it to a ship-recycling yard (Ship Recyclers). Cash Buyers are not brokers. Cash Buyers are PRINCIPALS/TRADERS. Cash Buyers take delivery of vessels on both “delivered” and “as is where is” terms.

Business functions performed by a Cash Buyer include sale and purchase, financing (taking title of the vessel against full payment), market research, evaluation (forecasting future prices, demand/supply factors and other relevant business-specific issues) and risk management (underwriting market, operational, performance, currency, demand/supply, and various other risks).

Benefits of a dependable Cash Buyer to Ship Owners:

Ease of delivery due to standardization of vessel descriptions and delivery contracts.

Negotiations conducted with a limited number of buyers rather than a multitude of ship recycling yards in several different countries

One stop service… do not have to go to different yards in the world. Ship owners get Intel on worldwide recycling markets and specific yards, with one call

Guidance: since cash buyers do business with yards globally, they are BEST qualified to guide owners on various recycling options

Receive intimate knowledge and current state of the individual recycling markets

Cash payments instead of payments via Letters of Credit (L/C)

Risk mitigation on behalf of the ship owners, especially in cases of a falling market, currency fluctuations, and unexpected legislative and regulatory changes

Managing ship owners CSR requirements

Ability to propose, guide, and execute green recycling contracts

Financial stability to ensure hassle-free completion of agreements

Benefits of a dependable Cash Buyer to Ship Recyclers:

Having a large inventory of vessels at all times gives ship recyclers the ability to choose a vessel of their choice

Extensive financial experience helps in providing recyclers with the option of negotiating LCs (Letters of Credit) convenient to them

Extensive understanding of local regulations and procedures makes delivery and beaching on the yard a hassle-free process

Understanding the needs of the ship recycler pertaining to their requirements on the types of vessels, Lightweights they are able to negotiate, and their banking requirements makes every transaction a smooth one

Exclusive local representation helps to offer personalized attention and the ability to cater to the needs of the ship recyclers

Ability to forecast the markets on the supply-side as well as trends in the ship recycling sector helps to provide ship recyclers with the best service.

For owners seeking to recycle vessels in HKC-compliant or EU-compliant yards, we offer a suite of additional services including assured Green Recycling, Yard selection, IHM at the last port of call, Tank cleaning services, Ship Recycling Plan and Independent Ground Monitoring services. We collaborate with IACS class-certified hazmat experts who bring substantial experience to these services ensuring compliance and excellence.

India is a global leader in the ship recycling industry, with Alang, located in Bhavnagar, Gujarat, being the world's largest ship-breaking yard. Since its inception in 1983, Alang has attracted vessels from all over the world for environmentally responsible recycling. The ship recycling companies in this region adhere to international standards like the Hong Kong Convention, ensuring safe and sustainable practices. By dismantling ships and reclaiming valuable materials such as steel, copper, and aluminium, Alang plays a crucial role in supporting the circular economy while minimizing environmental impact.

The ship-breaking companies in Alang have invested significantly in modernizing their facilities to meet global safety and environmental requirements. This region contributes substantially to India's steel industry, supplying high-quality recycled steel at competitive prices. With its strategic location along the Arabian Sea and a skilled workforce, Alang continues to be a preferred destination for ship owners worldwide seeking cost-effective and eco-friendly recycling solutions.

India is home to one of the world's largest ship recycling industries, with Alang in Bhavnagar, Gujarat, serving as a global hub. The country has numerous ship recycling companies known for their efficient, eco-friendly practices, often in compliance with international standards like the Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships.

The ship breaking yards in Alang have gained international prominence due to their cost-effectiveness, skilled labour, and adherence to environmental protocols. The recycled materials, especially steel, significantly contribute to India's construction and manufacturing industries.

Indian ship recycling companies have progressively adopted advanced technologies and implemented stricter environmental and safety regulations. The Hong Kong Convention and ISO certifications are standard among the leading companies, ensuring responsible recycling processes that protect both the environment and worker health.

SRY Alang in Gujarat, India is at the heart of the ship recycling industry in the Asian sub-continent.

There are about 124 active yards out of which 90 are green ship recycling yards certified under HKC (Hong Kong Convention) compliance by different classification bodies such as:
> Class NK
> Rina Class
> IR Class – Indian Register of Shipping

Yards at Alang are consistently improving to meet higher standards of green ship recycling.

Yards at Alang have a sea front of 30, 45, 60, 80 or 120 meters.

India's ship recycling industry continues to evolve, maintaining its position as a global leader while prioritizing safety, sustainability, and environmental responsibility. If you are looking to sell your vessel for demolition, the ship recycling companies in Alang, India, offer reliable and efficient services for ship demolition and recycling needs. The companies are recognized for their compliance with international standards like the Hong Kong Convention, ensuring environmentally responsible and safe ship recycling practices.

Green ship recycling refers to the environmentally responsible and sustainable dismantling of ships at the end of their operational life, ensuring minimal harm to the environment and adherence to international safety and labour standards. It focuses on reducing pollution, maximizing the recovery of reusable materials, and protecting workers' health and safety during the process.

Key Aspects of Green Ship Recycling:

Environmentally Friendly Practices

> Proper handling and disposal of hazardous materials such as asbestos, polychlorinated biphenyls (PCBs), oils, and other toxic substances.

> Minimizing the release of pollutants into the soil, water, and air during dismantling operations.

Maximizing Material Recovery

> Recycling as much of the ship as possible, including steel, non-ferrous metals, machinery, and other reusable components.

Compliance with Regulations

> Aligning with global conventions such as: Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (2009).

> Adopting and arranging aligning with European Union Ship Recycling Regulation for EU-flagged ships.

Worker Safety

> Ensuring safe working conditions with proper training, protective equipment, and strict safety protocols to prevent accidents.

Benefits of Green Ship Recycling:

Environmental Protection: Reduces pollution and conserves natural resources.

Sustainability: Encourages the circular economy by reusing materials.

Regulatory Compliance: Helps ship-owners meet legal obligations and avoid penalties.

Corporate Responsibility: Enhances the reputation of companies by adopting eco-friendly practices.

Green ship recycling is essential for balancing the growing demand for ship dismantling with the need to protect the environment and human health.

We are fortunate to play a role in the three 'R's- Reduce, Reuse, Recycle enabling us to do our part in reducing carbon footprint.

We enjoy strong relations with first class re-cycling yards who are always ready to purchase, take delivery of vessels and perform their contractual obligations on time. The sale of a ship for recycling comes with considerable commercial risk. Cash Buyers take away that risk and provide cushion for ship owners.

Our aim is to provide clients with competitive pricing combined with a reliable performance.

We would be delighted to collaborate with your organization and develop a long-term, mutually beneficial partnership. Should you require any customized rates or further details, please feel free to contact us.

We look forward to working with you.

Please for sell a ship; please forward complete vessels Demolition questionnaires, Photographs and lightweight proofs.

Compass Shipping Agency

Shipping Agents, Importer - Exporter, Ship Chandlers &
Marine Spares Suppliers

Contact Details

308, Prithvi Plaza, 3rd Floor,
Opp. Ghogha Circle,
Bhavnagar – 364001 (Gujarat), India.

Emails

compassship@yahoo.com khuman@compassship.com

Cells

+91 9825205203 (24x7)
+91 9427131313
+91 8980825203

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Cash Buyers

Benefits of a dependable Cash Buyer to Ship Owners:

Benefits of a dependable Cash Buyer to Ship Recyclers:

Key Aspects of Green Ship Recycling:

Benefits of Green Ship Recycling:

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