As a major player in the ship recycling industry, GMS has often been referred to as an underwriter of demo market risk. In today’s highly competitive and volatile demo markets, ship prices will often change by the time the vessel arrives at the port of delivery. Historically, CASH BUYERS have simply ‘passed-on’ this loss (due to market corrections) to owners, under the guise of vessel mis-description. GMS on the other hand, has steadfastly abstained from such practices. Day in and day out we continue to perform, regardless of fluctuations in demo prices. Market risks are simply absorbed—underwritten—as part of regular business practice. GMS has the strength and the depth to underwrite these huge market risks.
As a major player in the ship recycling industry, GMS has often been referred to as an underwriter of demo market risk. In today’s highly competitive and volatile demo markets, ship prices will often change by the time the vessel arrives at the port of delivery. Historically, CASH BUYERS have simply ‘passed-on’ this loss (due to market corrections) to owners, under the guise of vessel mis-description. GMS on the other hand, has steadfastly abstained from such practices. Day in and day out we continue to perform, regardless of fluctuations in demo prices. Market risks are simply absorbed—underwritten—as part of regular business practice. GMS has the strength and the depth to underwrite these huge market risks.
