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

February 28, 2019

Ship Recycling Workers' Union in Alang Honors Dr. Nikos Mikelis for Improved Safety at Indian Yards 

Dr. Nikos Mikelis, non-executive director of GMS, has been honored by India’s ship recycling workers for his contribution to workers’ safety over the last decade. Dr. Mikelis has been instrumental in guiding the development and supporting the voluntary implementation of Hong Kong International Convention on the Safe and Environmentally Sound Recycling of Ships. While the Indian government is in the process of acceding to Hong Kong Convention, already 77 out of 120 ship recycling facilities in Alang have voluntarily complied to the requirements of the Convention. The upgrading that has been taking place in Alang is already yielding benefits to the workers.

On the 26th of February during the visit of the fact-finding mission of the European Communities Shipowners Associations (ECSA) to the office of the ship recycling workers’ union in Alang, General Secretary of ASSRGWA Mr. Vidyadhar Rane bestowed the honor on behalf of India’s ship recycling workers to Dr. Mikelis for the laudable work he has done for the safe and sustainable recycling of ships. Note: ASSRGWA is the Alang Sosiya Ship Recycling & General Workers Association, which is the registered trade union representing 17,800 industry workers.

 

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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 units for recycling. GMS has successfully negotiated several thousand assets since its inception—more than any other company in the industry. The firm's mission is to improve an asset’s residual value and improve international health, safety and environmental standards while generating awareness on the significance of responsible ship recycling in the maritime community. With nine international offices, an award-winning 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, 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.
 
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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


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