First deal closed
$4.0M
An end-of-life vessel sold for recycling through ShipScout.
From old ships to new steel.
We connect shipowners with certified breaking yards (HKC and EU-listed only) and handle the deal from start to finish.
No IMO at hand? Talk to ShipScout
Founded by seafarers and ship recycling brokers in Aliağa, Türkiye, one of the world's main recycling hubs.
First deal closed
$4.0M
An end-of-life vessel sold for recycling through ShipScout.
First buy-side client
GECOM USA
We advised GECOM USA on a vessel purchase.
Last run time unavailable
Source: IMO GISIS
Our AI agents do the searching and matching. We inspect, contract and close.
01 · Find
Our AI agents track … vessels and pick out ships likely to be scrapped. The list refreshes every 12 hours.
… vessels tracked02 · Match
The agents find the best breaking yard near the ship’s location.
HKC and EU-listed yards only03 · Offer
The owner gets a direct price from the yard. After the pre-inspection, we give the final offer.
Direct price from the yard04 · Close
We run the final inspection and handle the contract and documents. Payment is held in escrow with our maritime law partner until the ship completes its last voyage.
Escrow until the last voyageNo upfront fees. ShipScout charges a 2% commission, only when the deal closes.
Scrap prices move every week and differ by yard and region. An owner rarely sees more than one or two offers, so it is hard to know what a fair price is.
A sale often passes through several brokers and cash buyers before it reaches a yard. Each link takes a margin and adds time.
The owner stays accountable for where and how the ship is recycled. A sale to the wrong yard can mean fines, detention of the last voyage and damage to the company's name.
We had 15,000 tons of steel at anchor, idle, losing money every day. We had to sell.
The first broker offered $230 per light ton. We had no way to know if it was fair.
Left on the table at the first offer$825,000
ShipScout exists so the next owner starts at the right yard.
ShipScout exists so the next owner starts at the right yard.
Since 26 June 2025, ships flagged in signatory states must be recycled at authorised facilities, with an Inventory of Hazardous Materials and a Ready for Recycling Certificate.
Source: IMO
The EU Ship Recycling Regulation requires EU-flagged ships to be recycled only at facilities on the European List.
Source: Regulation (EU) No 1257/2013
Shipping entered the EU Emissions Trading System in 2024, rising from 40% of emissions to 100% from 2026. Together with IMO's CII ratings, it makes inefficient older tonnage more expensive to keep trading.
Source: EU ETS
More than half of the world fleet is over 15 years old, and a large wave of ships is approaching the end of its working life.

Every end-of-life sale needs a buyer with cash on the day. Our agents find the ships and the certified yard; capital partners fund the purchase and share in the margin.
Interested in investing in ShipScout itself? Write to the founders.
Send us the IMO number, or just tell us about the vessel, and a broker will get back to you.
ShipScoutAliağaİzmirTürkiyeinfo@shipscout.io