• Cash Buyers of Ships

Wirana Shipping Corporation

With Wirana you are sure of getting top dollar and smooth delivery of vessels with an assured commitment from Wirana to honor contracts irrespective of market changes. It is for these reasons that Wirana is known in the market for its integrity, capability and very good service.

Wirana is the oldest and one of the largest Cash Buyer of ships in the world with more than 35 years of experience. Our company is proudly engaged in green ship recycling as a process of ship demolition & tankers recycling and rigs recycling. It has dealt in more than 88 million DWT made up of more than 2700 vessels. Over last one and half decades average annual dealing has been about 100 -150 vessels of various types and sizes.

Wirana has been mentioned twice in the Guinness Book of World Records for the purchase of the largest vessels sold for recycling, at those times. In 2002, we purchased ULCC Kapetan Michalis (516,423 DWT) and in 2003, we improved our own record by purchasing the ULCC Sea Giant (555,051 DWT).

Read More
green ship recycling

Our Markets


Green Recycling

Wirana has been an ardent proponent of environmentally safe and responsible ship recycling. Working closely with several yards, Wirana has been continuously encouraging them and guiding them to improve recycling standards which meet most stringent requirements for green recycling of major ship owners. Many yards have gone for green certification.

Besides encouraging yards for green recycling, Wirana has been sponsoring and speaking at conferences that promote green recycling.

Wirana has provided major stock-listed owners with proper guidance and recycling solutions in accordance with Hong Kong Convention and European Union Ship Recycling Regulations for their tonnages.

From a commercial point of view, green recycling has been challenging for yards as it requires substantial investments. However, it has always been our policy to educate and encourage yards to recycle in a more responsible manner by separating hazardous material, identifying, storing and disposing hazardous material in a safe way leading to minimal environmental impact and ensuring worker’s safety.

Besides environment, Wirana has encouraged yards to invest in workers’ safety by using adequate safety gears and training workers on safety aspects.

Wirana understands and promotes procedure of separating primary recycling from secondary recycling and to concretize secondary cutting section to ensure that land underneath stays free from hazardous materials. These are in lines with latest environmental standards including Hong Kong Convention and European Union Ship Recycling Regulations.

At the same time, Wirana continues to work with Classification Society and Independent Experts, whose services are recommended to yards for improving their processing standards.

Broad Steps to achieve Green Recycling of Marine Assets:

  • Help Ship Owners Prepare Inventory Of Hazardous Materials (IHM) By Coordinating With Experts Upon Request (IMO Resolution MEPC 269(68)).
  • Ensure Receipt and checking of IHM with yard.
  • Work with Ship Recycling Yard for preparation of a Ship Recycling Plan taking into account IHM (IMO Resolution MEPC 196(62)) and ensuring that Ship recycling Facility Plan is adequate to recycle the type of ship (IMO Resolution MEPC 210(63)).
  • Monitor Safety & Preparations for receiving the ship for recycling.
  • Monitor & ensure methodical dismantling of ship as per HKC requirements as per Ship Recycling Plan including identification and safe disposal of hazardous materials. (IMO Resolution 210 (63))
  • Submission of Ship Recycling Progress Report on periodic basis, which gives details of procedures followed by the yard. Coordinating with Ship Owners on any specific queries with yard and ensure coordination with yards for visit by Owners or their representatives.

Read More