Costa Concordia salvage to cost

[mblatt]

In the meantime, Titan Salvage Issued an official news release on May 22, at http://www.titansalvage.com/News-and-Media/Press-Releases/Presented-in-Rome-The-Plan-for-the-Removal-of-the-Wreck-of-the-Costa-Concordia

They plan to refloat the hull, and the operation will take 12 months. CNN has a nice 3-minute video, http://edition.cnn.com/video/#/video/international/2012/05/21/tsr-todd-salvaging-concordia.cnn where they say they'll cut it up and sell it for scrap to recoup some of the cost.

Does anyone have any idea as to how much that scrap value will be?

[holedrille]

Titan say they will remove the asbestos before they start. Asbestos! Surely asbestos has not been usegd for insulation for a generation?
As for the value of the scrap metal, tankers and ore carriers go for $4-500 per light ton. A light ton is the weight of the metal in a ship, less than displacement, or gross, but perhaps similar to nett. However, there will be a lot of unusable rubbish in a liner, such as plastics and wood, so it will probably be worth less.
Holedriller

[dodger]

Hi,

    I agree with you, surely having been launched in September 2005 they did not use Asbestos in the build,

    If they did then i would say it seriously needs looking into!

    Just my two pennies,

    Cheers,

    Roger.

[Tuomas Romu]

A light ton is the weight of the metal in a ship, less than displacement, or gross, but perhaps similar to nett.

Err... what?

I thought LDT is calculated just from the lightship weight, not from the weight of the actual recyclable material. In most cases the amount of steel and other recyclable metals in a ship is probably not even known before the ship is put into pieces.

As for the amount of steel, the hull usually weighs less than half of the ship's displacement in cruise ships. Of course you can sell some of the outfitting and machinery as scrap as well.

[Azipod]

Unfortunately, the close-up webcam seems to longer be working - http://camera.thelastsalute.eu/webcam.jpg , so it might be harder to see some of the progression with the Gilgio Port one only http://www.giglionews.it/2010022440919/webcam/isola-del-giglio/webcam-giglio-porto-panoramica.html

It will be interesting to see how the work unfolds.

[Mallorcasailor]

The webcam is working they have just changed the address slightly to http://thelastsalute.eu/

[Phil English]

A light ton is the weight of the metal in a ship, less than displacement, or gross, but perhaps similar to nett.

Err... what?

I thought LDT is calculated just from the lightship weight, not from the weight of the actual recyclable material. In most cases the amount of steel and other recyclable metals in a ship is probably not even known before the ship is put into pieces.

As for the amount of steel, the hull usually weighs less than half of the ship's displacement in cruise ships. Of course you can sell some of the outfitting and machinery as scrap as well.

LDT - or light displacement tonnes - is the weight the ship displaces in 'light' condition. i.e. without cargo, stores, bunkers etc. Because it is a fair measurement of the ship itself, it is used as the standard unit in ship demolition sales - e.g. sold for $300 per LDT. So if a ship weighs 10,000 LDT, the seller receives $300 x 10,000 = $3 million

LDTs are measured at the time of building and appear in ships' certificates and documents. Therefore the cost of selling a ship for scrap at the current market rate can always be calculated.

Brgds
Phil

[Tuomas Romu]

Therefore the cost of selling a ship for scrap at the current market rate can always be calculated.

Evaluating the actual scrap value of the ship must take some experience from the scrapping business as not all of the ship's materials is recyclable. There must also be some play in the price-per-ldt, as some ships will likely contain a higher percentage of valuable materials. I recall that one of the Nobiskrug-built icebeaking tankers (ex-Sotka) was sold for scrap at higher-than-average price due to the high quality steel.

[Phil English]

Therefore the cost of selling a ship for scrap at the current market rate can always be calculated.

Evaluating the actual scrap value of the ship must take some experience from the scrapping business as not all of the ship's materials is recyclable. There must also be some play in the price-per-ldt, as some ships will likely contain a higher percentage of valuable materials. I recall that one of the Nobiskrug-built icebeaking tankers (ex-Sotka) was sold for scrap at higher-than-average price due to the high quality steel.

You are correct Tuomas. A premium is paid for valuable materials. For instance, chemical tankers with stainless steel tanks can command a price some $200 - $300 per LDT in excess of the general market rate, depending on the amount of stainless steel in tanks and whether it is solid or clad. Shipbreakers also have favoured builders, so will pay a slight excess for ships built in, say, Europe whilst former Soviet-bloc ships will receive slighty below market value due to the perceived lesser-quality steel involved in their construction.

Brgds
Phil

[Azipod]

Thanks for the new webcam link, Mallorcasailor 

[Damien McCarthy]

looks like the funnel will go shortly

[david_s]

The black top of the funnel appears to have gone

David

[holedrille]

You are right. I am sure it was there yesterday.
Also there is what looks like the yellow jib of a crane on the far (port) side. Perhaps it is trying to get that 30 ton rock out of the side plating!
Holedriller

[Azipod]

Unfortunately the closeup webcam belonging to www.thelastsalute.eu has been pulled due to permission problems and continuity for their movie making. Here it is in their own words...

Damn that was a good webcam