GMS Leadership - The World's LARGEST Cash Buyer of Ships for Recycling

IN THE NEWS 2013

DATE	PUBLICATION	ARTICLE
2013, May 13	Lloyd's List	Spearheading the recovery - No escape from boom and bust
2013, March 28	Capital Link	Capital Link's 7th Annual Invest in International Shipping Press Release
2013, Feb 11	Lloyd's List	Cash buyer GMS plugs finance gap
2013, Mar 8	Tradewinds	Former IMO man Mikelis joins GMS
2013, Feb 19	The Parliament	Deadly Cargo
2013, Feb 4	The Parliament	Legislative Support
2013, Feb 17	Green Shipping International	Green Shipping International, GMS: Creating a Green Path in the Ship Recycling Industry

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DATE	ARTICLE	DATE	ARTICLE
2010, June 23	China scrapping potential seen	2009, October 30	Scrapping boom slashes prices
2009, March 26	Bangladesh recycling on notice	2009, June 18	Recycling initiative rubbished
2009, July 16	Scrap-happy brokers	2009, February 18	Scrappers busier than ever
2005, July 7	India probes scrap sales	2004, September 23	Spoiled deals sour Alang's prospects
2003, November 13	Cash buyers do have scruples	2003, January 30	Steel market crash hits Alang breakers

ARTICLE		ARTICLE
No escape from boom and bust		High value Indian sales raise hope of a rally in demolition
Cash buyer GMS plugs finance gap		India and Pakistan buy up ships ahead of Bangladesh reopening
Activity picks up after Bangladesh extension granted		Indian breakers’ green credentials on the rise
Aggressive tactics pay off for Indian yards as deals break $		Indian tanker prices up 5% on pre-monsoon scrap spree
Bangladesh breakers gain two-month extension		Industry joins forces to improve working practices
Bangladesh breakers still in limbo		Industry split over beaching method of dismantling ships
Bangladesh breakers’ buying spree fails to materialize		Last rites of passage
Bangladesh court delay subdues demolition market		Lloyd’s List Global Awards 2012 – Dr Anil Sharma
Bangladesh import tax rise to stifle scrap rates		Lloyd’s List Global Awards 2011 – The Winners
Bangladesh sets up scrap monitoring team		Monsoons fail to dampen interest in demolition sales
Bangladesh takes large vessels despite overall subdued scrap		Pakistan breakers buy third VLCC
Bulk carrier demolition prices set to drop below $500 per ld		Pakistan steals limelight as Bangladesh stays cautious
Cash buyers bank on pick up in Bangladesh ship breaking activity		Ready, steady, scrap – Bangladesh reopens yards
Chinese breakers step up competition for scrap tonnage		Scrap market in suspense as Bangladesh court hearing delays
Chinese scrap rates move closer to falling Indian subcontinent levels		Scrap prices reach $500 per ldt
Chittagong breakers can import scrap ships until Oct		Ship recycling looks to clean up its reputation
Chittagong yards facing further legal challenge		Ship recycling rates hinge on Bangladesh court decision
Demand for green recycling yards estimated at 10%		Shipbreaking prices maintain strength
Fate of toxic waste controversy vessel under dispute		Star Reefers scraps second reefership it brought out of lay
Fighting the recyclers’ corner		Surge in capesize scrapping expected
Further scrap rate falls anticipated as market hesitates		Tanker scrap values reach highest level since crash of 2008
GMS forecasts ‘repercussions’ as glut of scrap tonnage waits		Three aframax tankers sold in demolition sector in one week
Hazardous material to be bigger factor in secondhand ship values		Tonnage glut turns heat on breaking rates

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DATE	ARTICLE	DATE	ARTICLE
2013, Mar 8	Former IMO man Mikelis joins GMS	2011, Oct 17	Greek scraps tanker
2011, Oct 10	Tanker Pac in scrap pact	2011, Oct 13	End nears for scorned hulk as Miami man mulls scrap deal
2011, Oct 6	Sale quells price fears	2011, Oct 6	Cash buyer GMS denies cutting corners in gas freeing
2011, Oct 6	Outlawed 'Asia Union' may continue to trade	2011, Oct 6	Projections and data not a 'perfect match'
2010, Nov 10	Plight worsens for Bangladesh yards	2010, Nov 15	Grounded bulker scrapped
2010, Nov 4	Bangladesh breakers raise hopes	2010, Nov 8	Ship & Shore forges scrap deal
2010, Aug 13	Bangladesh boon?	2010, Oct 4	Juicy deal for Atlanship
2010, Aug 2	India in demo overdrive	2010, Aug 4	Elderly capes give owners scrap pay day
2010, July 19	Bulkers head to breakers	2010, July 26	Polembros scraps capesize
2010, July 7	Scrap levels begin to firm up in China	2010, July 12	Thais scrap panamax
2010, May 18	Two tankers to be torched	2010, May 19	Subcontinent scrap prices slip for clean and dirty tankers
2010, April 6	Demo breaks $500 barrier	2010, May 11	VL scrapped in $14m deal
2010, March 18	SFI ships out single-huller	2010, March 29	Tsakos offloads Hesnes
2010, Feb 25	Simon Stonehouse recovering after Dubai injury	2010, March 11	Maersk bets on its China recycling expertise
2010, Feb 12	Competition hard on cash-buying front	2010, Feb 22	Young gun has work cut out in a tough industry
2009, Aug 18	Aggressive buying	2009, Oct 15	'Waste' ship probe
2009. June 8	Tanker tonic	2009, June 10	Scrap scrape
2009, May 18	Breakers busier	2009, May 25	Scrapping rise
2009, May 11	Scrap hunger	2009, May 18	Demolition sales remain stagnant
2009, April 24	Scrap sales set to climb	2009, May 4	Demolition dearth
2009, April 20	Breaking floor?	2009, April 24	Scrap turmoil as paranoia strikes
2009. April 8	Sincere sells ore carrier for scrap as prices drop	2009, April 16	Scrapping chaos
2009, April 1	Scrap fall	2009, April 7	Buyers bulk
2009, March 20	Clarifications	2009, March 23	Scrap shock
2009, March 13	Ship manager Sicuro scraps two units and snaps up two more	2009, March 16	Dry demolition
2009, March 3	Six scrapped	2009, March 9	Seven scrapped
2009, Feb 13	Alang aims to 'recover lost ground'	2009, Feb 16	Scrapping surge
2009, Jan 30	Penalty punch	2009, Feb 6	Cash buyer disputes US reason for toxic 'penalities'
2009, Jan 15	Naviera sends 1980s-built capesize duo to the torch	2009, Jan 22	Scrap yards on top
2008, Oct 2	Sharma doubles up as trading ship owner	2009, Jan 15	Rush to scrap is boom for Alang
2008, Oct 2	Gulf Calls	2008, Oct 2	Earlier scrap candidate heads east for accommodation project
2008, Feb 28	Scrap premium may be fleeting	2008, Sept 11	Letters to the Editor
2008, Feb 7	GMS alleges wrongful arrest	2008, Feb 28	TMT hikes VLCC demolition price
2007, June 7	Hapag unit to breakers	2008, Jan 24	US-based cash buyer takes punt on Green peace-listed ship
2006, Jan 5	Suezmax tanker heads for scrap yard after all	2007, June 7	Pakistan moves in right direction
2005, July 25	Too early to call	2006, Jan 19	Star forced to drop 'Norway' scrapping sale
2004, Aug 5	Cash buyer attacks green scrap champs	2005, July 22	Alang scrappers starve
2004, Dec 22	Old tanker snapped out of shipbreakers' hands	2004, July 30	Vroom!