Reviews & Ratings for the Rex-1

In a recent maritime development, a ship has officially been beached at the renowned ship-breaking yard in Alang on July 29, 2026. This facility is known for its critical role in the recycling of ships, contributing significantly to the maritime industry. As the operation continues to evolve, Alang remains at the forefront, hosting various vessels for dismantling and reallocation of materials. Stay tuned for further updates on this event.

On July 24, 2026, a vessel successfully arrived at the Bhavnagar anchorage, marking an important milestone in its maritime journey. This strategic location continues to play a vital role in shipping operations along the Indian coastline, facilitating the efficient transfer of goods and services.

On July 18, 2026, the tanker 'Ela' completed its final journey, docking at Alang after departing from Khor Fakkan. This arrival marks the end of its operational life as it prepares for dismantling. Alang, renowned for ship recycling, will see the 'Ela' transformed from a seafaring vessel to scrap, contributing to the sustainability efforts in maritime industry recycling.

In a recent transaction, a vessel has been sold to the renowned shipbreaking yard in Alang, India. The ship is set to be dismantled at one of the largest breaking facilities known for its efficient recycling processes. Alang continues to be a prominent destination for decommissioned ships, ensuring that end-of-life vessels are disposed of in an environmentally friendly manner.

The International Transport Workers' Federation (ITF) has flagged the vessel REX 1 (IMO: 9219056) as a case of abandonment. Registered under the flag of Panama, the ship was last docked at Khor Al Fakkan in the United Arab Emirates. As of the report dated October 21, 2025, there are 19 seafarers from Georgia and Turkiye onboard who have not received their owed wages. The situation remains open as the ITF continues to monitor this case, highlighting ongoing concerns regarding crew abandonment and seafarer welfare. This information is part of the ITF's comprehensive list that documents abandonment incidents around the globe.

In a significant move to modernize its operations, Norwegian tanker company DHT Tankers has finalized the sale of its last remaining suezmax vessel, the DHT Target, originally built in 2001. The transaction, completed in April, was valued at $22.5 million and reflects the company's ongoing fleet renewal initiatives. Over the past six months, DHT Tankers has enhanced its portfolio with the acquisition of three new Very Large Crude Carriers (VLCCs). Furthermore, the company is poised to receive an additional three newbuild VLCCs in the upcoming six months. As part of the sale, DHT incurred an impairment charge of $8.1 million. The net proceeds from this transaction will be strategically allocated towards reducing debt obligations under a $22.3 million facility with RBS.