What we do

Cash Buying of Ships for Recycling

Ships transit three major phases of change in their life cycle:

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Construction (New Building)

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Use
(Running)

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Dismantling (Recycling)

Usually, a ship has a fixed lifespan of a few decades during which it withstands so much wear and tear that repairs and retro-fitting becomes non-viable. Thus, a vessel enters its final dismantling phase when…

  • It has lived its use and is not seaworthy anymore
  • Repairs on the old vessel are not economically viable anymore
  • The running of the ship is not sustainable due to freight markets
  • The material that can be recovered from the old ship has more value than the intact vessel

If ship-building aims at value addition, what Ace Exim does is value addition through re-use. That’s why we say, we are not into simple 'recycling' – we are into constructive re-use.

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If ship-building aims at value addition, what Ace Exim does is value-addition through re-use. That’s why we say, we are not into simple 'recycling' – we are into constructive re-use.


ACE EXIM is the buyer for most types of vessels, mainly:

  • Tankers
  • Chemical Tankers
  • Bulkers
  • Container vessels
  • Ro Ro
  • Cars Carriers
  • LPG/LNG Carriers
  • MPPs
  • Passenger vessels

ACE EXIM is also involved in the Cash Buying Deals of :

  • Trading Vessels
  • AS IS vessels for recycling:
    • Own Power
    • Laid up vessels with re-activation required
    • Under Tow
  • Delivered Vessels for recycling


ACE EXIM works in all the major ship recycling markets in the Indian Sub-continent. Having walked in the shoes of a Ship Breaker and Cash Buyer for many years, we understand every nuance of ship recycling markets. As ship owners for our AS IS and trading vessels, we understand the needs of a ship owner perfectly and empathize with their profitability concerns.

ACE EXIM has purchased vessels from most of the big shipping companies and are deft at handling multiple ship deals. We are very prompt in closing the deals, making remittances, ensuring smooth and quick and hassle free delivery of vessels with minimum expense and stress on any of the stakeholders. We prefer to strike a win-win situation for both ship-owner and ship-recycler.

ACE EXIM also understands the value of a ship broker who puts his reputation on line for us when he bids on our behalf. Once a deal is done with ACE; the sellers can relax as we offer market prices with unmatched performance and a 100% perfect record of smooth closure of over 600 (and counting) deals we have done.


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