GMS is the first Cash Buyer in the world to have recognized the need for a responsible (green) ship recycling programme, which includes contractual and procedural arrangements to ensure that end-of-life ships are recycled in a responsible manner. This addresses issues of safety, occupational health, welfare and environmental protection.

Hence, we have decided to apply our expertise and resources to create a service that implements recycling practices in line with IMO’s Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (the Hong Kong Convention) in addition to applicable national regulations (at the intended port of recycling) related to safe ship recycling practices. As such, GMS is now working with select recycling facilities in India, Bangladesh, Turkey, and China, in addition to various ship recycling experts who are capable and willing to put the intended standards into action, as per the Ship-Recycling Plan that is uniquely created for each vessel.

Our Initiative

GMS is proud to have close partnerships with other stakeholders in the shipping industry, to ensure that the quality of services offered towards Corporate Social Responsibility (CSR) stand several steps ahead of where others in the industry are standing.


  • Dr. Nikos Mikelis, who was the former-head of IMO's Ship recycling section and is considered as the "Father" of the IMO's Hong Kong Convention on the Safe and Environmentally Sound Ship Recycling, is now a non-executive director of GMS and oversees our Green Ship Recycling Program.

    Under his advisory role, apart from accurately monitoring all the developments in the regulatory regime within the ship recycling industry, he provides a proactive and strategic approach to headline risk and any necessary cooperation for further development with other stakeholders of the industry.
  • GMS has participated in the deliberations leading up to the introduction of IMOs' Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships, and is the only Cash Buyer in the world to actively follow the developments around the latest EU regulations on Ship Recycling and engaging discussions with trade associations and NGOs. We have also invited members of the European Commission, maritime administrations, IMO, global ship owner representatives, and top level industry stakeholders to Alang (India), in order to witness improvements in the standards of ship recycling processes at Alang
  • GMS has personally invested in ship recycling facilities in both India and Bangladesh, in order assist them in obtaining ISO and OHSAS accreditations by improving their yard-spaces, management practices, and safety systems at the yard, in order to streamline their recycling operations as per the HK convention.
  • GMS is exclusively cooperating with Leela Ship Recycling in India, which is one of the top four yards in India that are in the process of being certified by Class NK, as being in compliance with the Hong Kong Convention. Leela Ship Reycling has also been approved by all the blue-chip shipowners who have visited and vetted various ship recycling facilities for responsible recycling in India. "Leela Ship Recycling Yard" is a BVQI certified ISO 9001:2000 & 1400:2004, OHSAS 18001:2007 & the first yard in India to obtain the ISO 30000:2009.

  • GMS has been working closely with Japanese institutes and Japanese ship owners to promote Green Recycling in India. During January 2015, we arranged a four day visit to Alang which was attend by a 14 member Japanese delegation and included officials from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), The Japanese Ship Owners Association, Japan External Trade Organzation (JETRO), shipping companies (K-Line, JX Ocean), ClassNK, Japanese Labour Union, and Japan Marine Science. The purpose of the visit was to carry out research on development of safe and sound ship recycling in India. Upon completion of their visit, Mr. Akihiro Tamura, Director of Shipbuilding Policy at the Japan External Trade Organisation (Jetro) nominated GMS's sister-yard "Leela Ship Recycling" as one of the top 4 recycling yards in India. For more information on their visit - please click here.
  • GMS, in coordination with a Danish Shipowner, arranged for vetting of ship recycling facilities in Alang in order to identify their compliance with international and national guidelines and regulations. The visit took place in April 2015 and included representatives from the Danish Shipowners' Association (DSA) who witnessed the ship recycling practices taking place locally. Pursuant to the visit, the Director of the DSA, Mrs. Maria Bruun Skipper, wrote that "Alang is not just Alang" and that the facilities there have "undergone a positive development in order to comply with the requirements that will be set by the forthcoming Hong Kong Convention". Having witnessed the facts in Alang, it appears that the DSA has recognized the need for ratification of the Hong Kong Convention, and the necessity for the European Union to be cautious from excluding a place such as Alang because of the bad reputation historically. For more information on their visit - please click here.
  • GMS, in close cooperation with several blue-chip owners from Japan and Scandinavia, has successfully vetted and approved ship recycling facilities for their Responsible Recycling needs, which are in compliance with their Corporate Social Responsibilities policies. (Owner list provided upon request.)


The GMS RSRP (Responsible Ship Recycling Program) operates under the IMO's Hong Kong Convention guidelines, which provides for environmentally safe and sound ship recycling, and the ILO (International Labour Organisation) requirements, which address the requirements for the safety of the labor force. Under GMS's RSRP, principals of GMS select a yard of their choice (for the recycling of the vessel) that is capable of meeting national and international requirements. In fact, it is mandatory under this program that the facility comply with all relevant ISO and OHSAS accreditations (i.e. ISO 9001, ISO 14001, ISO 30000 and OHSAS 18001).

The GMS RSRP takes under consideration the IMO's Hong Kong Convention guidelines, which are providing for environmentally safe and sound ship recycling, and the ILO requirements which address the safety of the workforce. While applying this program principals of GMS will choose a yard for the recycling of the vessel, capable of meeting national and international requirements. In fact, it is mandatory under our programs that the facility will comply with ISO 9001, ISO 14001, ISO 30000 and OHSAS 18001.

The effectiveness of GMS's RSRP arises from the fact that the program is based on facts and not myths. The program is value-driven, in that, it can easily identify which country and yard provides the best value for money.


Once the IHM has been prepared:

  • The facility will provide a Ship Recycling Plan (SRP) to GMS who will coordinate all the necessary procedures to be followed (i.e. marking hazardous zones, extraction, removal, transportation and safe-disposal).
  • GMS will monitor the procedures undertaken by the recycling yard and will provide a monthly ship recycling report to Sellers, which describes in detail, all the procedures that were followed from the beginning of recycling of the vessel until the week before a final report is provided at the end of the vessel's recycling procedure.
  • At the end of the recycling procedure, a full report for the entire recycling procedure will be prepared.

We welcome you to contact an office closest to your location for further information.