Cash Buyers of Vessels for Demolition are specialized companies or entities that purchase ships directly from owners with upfront cash payments for the purpose of recycling or scrapping. These buyers act as intermediaries between shipowners and shipbreaking yards, handling the acquisition, logistics, and delivery of the vessels to designated recycling facilities.

Key features of cash buyers:

1. Upfront Payment: They offer full cash payments at the time of sale, providing shipowners with immediate liquidity.
2. Global Reach: They operate worldwide, sourcing vessels from various locations and delivering them to recycling yards.
3. Compliance: Many cash buyers ensure the recycling process aligns with environmental and safety regulations, such as those set by the Hong Kong Convention or EU standards.
4. Market Knowledge: They have expertise in vessel valuation, scrap metal prices, and regional recycling trends, enabling competitive offers.

Cash buyers play a vital role in the ship recycling industry by simplifying the process for shipowners and ensuring vessels are responsibly scrapped.