Tanker recycling may hit a multi-decade high, says Dr. Anil Sharma, Founder & CEO of GMS in this Bloomberg article… https://t.co/NtwZMAF1uC

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In honor of the first ship to be recycled in Bangladesh according to @IMOHQ HKC standards arriving today, take a lo… https://t.co/F67JlIKGla

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In only 5 months, the EU Ship Recycling Regulation will have massive implications on the industry unless we ACT and… https://t.co/jknQIzT382

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Bangladesh yards are well on their way to becoming HKC compliant...inspirational to see the South Asian ship-recycl… https://t.co/KsdkajQnnS

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Declining markets in Southeast Asia, stability in Turkey and more industry commentary in this week's GMS Weekly at… https://t.co/Y6zabCfxrz

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BLOG & PRESS RELEASE
Dubai, 14th November 2018
 
NGO-owned MV Rongdhonu ex-Rainbow Warrior II Beached in Chittagong for Recycling
 
GMS congratulates Luxembourg-based NGO Friendship for supporting a HKC-compliant yard in Bangladesh and recognizing its expertise in responsible ship recycling
 
Wednesday, November 14, 2018 – Greenpeace has finally recognized that safe and responsible recycling using the beaching method can be conducted in the Indian subcontinent and that Bangladesh specifically can be a green recycling destination.
 
Greenpeace’s previously owned vessel, MV Rongdhonu ex-Rainbow Warrior II, was recently beached for recycling at PHP Family yard in Chittagong. MV Rongdhonu ex-Rainbow Warrior II is a 1957 United Kingdom-built hospital ship that Greenpeace International acquired in 1989, according to French NGO Robin des Bois. Greenpeace “fitted her with three masts, a new engine and converted her to a sail/diesel dual-powered vessel,” stated the Robin des Bois report, before donating her to the Bangladesh branch of the EU-based NGO Friendship in 2011.
 
For many years, the media and NGOs, especially the NGO Shipbreaking Platform, have consistently criticized the Indian subcontinent for its allegedly poor ship recycling facilities. Their position is that responsible recycling cannot be done at a facility in the Indian subcontinent that conducts the beaching method of recycling. Accordingly, they have tried to persuade the European Commission to prohibit the recycling of EU-flagged vessels in the Indian subcontinent. In contrast, GMS’ position has been that there are good and bad yards all over the world and responsible recycling can in fact be conducted at yards that practice the beaching method, including those in the Indian subcontinent.
 
Therefore, after years of this debate, GMS is pleased to see ex-Rainbow Warrior II —one of the most globally recognized vessels previously owned by the world’s leading campaigner against beaching and recycling in the Indian subcontinent—has finally accepted the fact that responsible recycling in the Subcontinent is the most prudent option for shipowners worldwide.
 
“After a lifetime serving humanity, our second Rainbow Warrior deserves a clean and handsome farewell. We take this opportunity to salute a long-serving friend,” said Greenpeace International representative Daniel Rizzotti in an article Friendship NGO Luxembourg posted on Medium.com.
 
GMS congratulates both Greenpeace and Friendship for actively participating in the green transformation of the ship recycling industry in Bangladesh.
 
– END OF TEXT –
For further enquiries, contact us at: bd@gmsinc.net
 
ABOUT GMS
Founded in 1992 in the USA, GMS is the world’s largest Buyer of Ships and Offshore assets for recycling and has successfully negotiated over 3,300 ships and offshore units since its inception. The firm's mission is to create value in assets for disposal while improving international health, safety and environmental standards and to generate awareness on the significance of responsible ship recycling in the maritime world. GMS is the proud recipient of the “Green Shipping” Award at the Seatrade Maritime Awards 2018 for pioneering the most environmentally responsive shipping strategies. With nine international offices, the world’s leading Responsible Ship Recycling Program, and a team of specialized experts, GMS continues to influence positive change in the global shipping industry.
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Dubai, 30th October 2018

GMS: Winner at the Seatrade Maritime Awards 2018
 
GMS wins the prestigious Green Shipping Award in honor of its tireless efforts to improve the environmental standards of the ship recycling industry
 
 
30th October 2018, Dubai — GMS, the world’s largest Buyer of ships and offshore assets for recycling, won the Green Shipping award at the 2018 Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa, held at the Atlantis, The Palm, Dubai on Sunday.
 
This award highlights an organization that has developed the most environmentally responsive maritime and shipping strategies. GMS was honored to be chosen as the recipient in recognition of its leadership in pioneering a “green” agenda and promoting responsible ship recycling practices worldwide.
 
As the first and only Cash Buyer to develop a Responsible Ship Recycling Program (RSRP) in the world, GMS invests in both local and international programs to provide a full scope of services to owners, sellers and lenders as well as the recycling yards. From preparing Inventory of Hazardous Material (IHM) reports and Ship Recycling Plans (SRPs) to a providing weekly progress updates and a comprehensive vessel recycling completion report as per Hong Kong Convention guidelines, GMS offers one-stop, end-to-end solutions to the global shipping community.
As one of the fastest growing RSRPs in the world, the team undertakes about 30 projects per year while investing in trainings for workers and safety officers, research and development
activities, and sustainable infrastructure development in an effort to upgrade international health, safety and environmental standards in the maritime industry.
 
GMS also raised awareness about the need for greener shipping practices through the publication of the industry’s first two ship recycling books: Green Handbook: A Practical Checklist to Monitor the Safe and Environmentally Sound Recycling of Ships by RSRP Lead Coordinator Dr. Anand Hiremath and The Recycling of Ships by GMS non-executive director Dr. Nikos Mikelis.
 
On receiving the award, Dr. Anil Sharma, Founder & CEO of GMS commented: “I am extremely proud of the work done by the team at GMS. Cash Buyers have an extremely important role to play in the development of Responsible Ship Recycling (RSR). We initiated our programs well before "green" recycling gained traction in the Indian subcontinent by partnering with a leading IACS society to launch the world's first such program. Today, our work is led by some of the most qualified and passionate individuals in the world, who have spent countless hours in researching, developing, understanding and promoting RSR. Testament to this work of passion and transparency is the publication of the industry's first TWO books on recycling. On behalf of the entire GMS team, I thank Seatrade and the judging panel for recognizing these efforts. This award has given us an impetus to do more.”
 
--END OF TEXT—
For further enquiries, contact us at: bd@gmsinc.net
 
ABOUT GMS
Founded in 1992 in the USA, GMS is the world’s largest Buyer of Ships and Offshore assets for recycling and has successfully negotiated over 3,300 assets since its inception. The firm's mission is to create value in assets for disposal while improving international health, safety and environmental standards and to generate awareness on the significance of responsible ship recycling in the maritime world. With nine international offices, the world’s leading Responsible Ship Recycling Program, and a team of specialized experts, GMS continues to influence positive change in the global shipping industry.

30th October 2018

 

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Dubai, 14 February 2018
“GMS CONDEMNS FALSE AND MISLEADING ALLEGATIONS BY THE NGO SHIPBREAKING PLATFORM”
 
In light of the latest press release circulated by the NGO Shipbreaking Platform, dated 13 February 2018, GMS categorically denies being the buyer of, or associated in ANY WAY with the purchase of the 4 Seatrade vessels mentioned in the NGO's latest press release.
 
GMS condemns the circulation of such false and inaccurate information. This reckless and reprehensible action by the NGO Shipbreaking Platform is intended to advance its own agenda and to manipulate public opinion by deliberately circulating Fake News disguised as fact. Consequently, we have been compelled to issue this press statement to deny the validity and accuracy of the allegations and reserve our right to take appropriate action in order to protect our interests. It is regrettable that the NGO Shipbreaking Platform continues to abuse the power of their "megaphone" by wildly spreading misinformation and ignoring the need to present fair and accurate information to the public.
 
GMS is proud to have developed a Responsible Ship Recycling Program (RSRP) through which, it has supervised the recycling of more than 30 vessels a year and has also motivated the interest of recycling yards in both India and Bangladesh to upgrade their standards of recycling in line with the Hong Kong International Convention.
 
For further information about this Press Statement or our Responsible Ship Recycling Program (RSRP), please contact us at bd@gmsinc.net
 
--END OF TEXT—
 
For further enquiries, contact us at: bd@gmsinc.net
 
 
ABOUT GMS
Founded in the USA in 1992, GMS is the world's largest Buyer of ships and offshore assets. The firm's mission is to create value in assets for disposal while improving health, safety and environmental standards throughout the world and to generate awareness to the significance of responsible ship recycling in the maritime world.
Read More
Dubai, 14 February 2018
“GMS CONDEMNS FALSE AND MISLEADING ALLEGATIONS BY THE NGO SHIPBREAKING PLATFORM”
 
In light of the latest press release circulated by the NGO Shipbreaking Platform, dated 13 February 2018, GMS categorically denies being the buyer of, or associated in ANY WAY with the purchase of the 4 Seatrade vessels mentioned in the NGO's latest press release.
 
GMS condemns the circulation of such false and inaccurate information. This reckless and reprehensible action by the NGO Shipbreaking Platform is intended to advance its own agenda and to manipulate public opinion by deliberately circulating Fake News disguised as fact. Consequently, we have been compelled to issue this press statement to deny the validity and accuracy of the allegations and reserve our right to take appropriate action in order to protect our interests. It is regrettable that the NGO Shipbreaking Platform continues to abuse the power of their "megaphone" by wildly spreading misinformation and ignoring the need to present fair and accurate information to the public.
 
GMS is proud to have developed a Responsible Ship Recycling Program (RSRP) through which, it has supervised the recycling of more than 30 vessels a year and has also motivated the interest of recycling yards in both India and Bangladesh to upgrade their standards of recycling in line with the Hong Kong International Convention.
 
For further information about this Press Statement or our Responsible Ship Recycling Program (RSRP), please contact us at bd@gmsinc.net
 
--END OF TEXT—
 
For further enquiries, contact us at: bd@gmsinc.net
 
 
ABOUT GMS
Founded in the USA in 1992, GMS is the world's largest Buyer of ships and offshore assets. The firm's mission is to create value in assets for disposal while improving health, safety and environmental standards throughout the world and to generate awareness to the significance of responsible ship recycling in the maritime world.
Read More

Green ship recycling – time to invigorate all the segments of the industry
By Dr. Kanu Priya Jain, Coordinator, Responsible Ship Recycling, GMS (Dubai)

The majority of the global ship recycling activity is operated from a handful of countries such as: India, Pakistan, Bangladesh, China and Turkey. Within the last few years we have witnessed a rapid growth in the ship recycling yards looking to upgrade their facilities in these major recycling countries. In India, almost half of the active yards are operating under a Statement of Compliance (SOC) with the Hong Kong Convention (HKC) and recently, the first yard in Bangladesh also received the same certification. These developments in the market have led to an increase in the capacity of the ‘green’ ship recycling, which denotes the safe and environmentally sound disposal of ships and offshore assets. Ideally, this increased capacity should attract owners of all ship types to opt for ‘green’ recycling of their end-of-life tonnage, however, in our experience, we have witnessed a fragmented demand. It would be interesting to analyze which industry segment is lagging in availing ‘green’ recycling services and the reasons behind it.

The data required to analyze the market of ‘green’ recycling is generally confidential. Therefore, we will use the data of our company in aggregate form. Being the leading company in the ship recycling industry, the dataset used for the analysis represents the general trend of the industry. Within the last few years, we have undertaken about 30 projects annually under our ‘Responsible Ship Recycling Program’ (GMS RSRP) which caters to the needs of the ship owners interested in recycling end-of-life ships and offshore units in a safe and environmentally sound manner. Interestingly, none of the projects are of tankers, whereas 38% projects are of container ships, 29% projects are of offshore units, 17% are of car carriers, followed by 8% for bulkers and 4%  for reefers and  LPG carriers.

The percentages above, especially that of tankers is quite concerning because despite the fact that tankers pose the highest risk during the dismantling process, owners are not very keen to avail ‘green’ recycling options. This is quite worrying because the availability of the HKC-compliant yards has increased significantly in the recent years. Such a trend doesn’t augur well for yards willing to upgrade their facilities as they do not find enough incentive to do so considering the fact that not all ship types reach ‘green’ recycling yards. These numbers reflect the defensive strategy adopted by the tanker owners which tend to go for ‘as is’ deals at the end of ships’ economic life to condone their duty of recycling end-of-life ships responsibly.

When an industry transits towards enhancement, all stakeholders must assume a collective responsibility of equal and meaningful contribution to achieve an effective progression. Presently, we are seeing more and more yards inclined towards the upgrading of their facilities to meet the standards of the HKC, especially in India. Certain Classification Societies have voluntarily started providing Statements of Compliance (SOC) to the recycling yards that wish to upgrade their infrastructure and processes in line with the HKC. At the same time, we as a vital link between the ship owners and the recycling yards, have been contributing to the industry by delivering workers’ training programs in association with Classification Societies (such as IRCLASS), offering additional services to the ship owners such as supervision, monitoring and reporting of the recycling process, and providing technical expertise to the yards for the upgrading of their facilities. A bigger contribution and will to embrace ‘green’ recycling options from the ship owners’ side is required to boost the ship recycling industry in the right direction.

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