GMS handled themselves with great deal of integrity and professionalism in our most recent sale, including the extension of a cancelling date in a falling market.
There were no attempts made to renegotiate the price even though they were facing a substantial loss. It is impressive to see Buyers who still value their credibility more than the negative financial implications.
Your support throughout was excellent and we thank you again for an excellent performance from the whole team at GMS.
On behalf of MSCo, would like to extend this letter of appreciation to you in recognition of your great efforts and contribution in sale and purchase of both m/v "Kapitan Sviridov" and m/v "Pavel Vavilov". Buyers; perfornamce was outstanding even though a turbulent, severely falling market.
Your cooperation, assistance and everyday support are very much appreciated.
Our partnership was immensely successful.
We look forward to proceed with out partnership in future.
- JSC "Murmansk Shipping Company"
Sellers is delighted by the smoothness of the negotiation and delivery. It's been a wonderful experience dealing with GMS and particularly with you so far. Hopefully we could work together again in the future.
- Andhika SNP Team
In September 2016, Atlantic Container Line AB (ACL), a Grimaldi Group company, sold the Atlantic Concert, one of our five G3 multipurpose container/RORO vessels, for recycling to nominees of Global Marketing Systems, Inc. (GMS).. GMS have conducted themselves with professionalism and integrity in this transaction and have cooperated with us every step of the way.
ACLâ€™s biggest concern was for our ship to be recycled at an ISO certified â€œgreenâ€ recycling yard, and we were able to do that with GMS.
ACL has sister ships of the Atlantic Concert which will be recycled in 2017. We will not hesitate for a moment to do business with GMS again.
It has been a pleasure to work with a company like GMS, who does business with integrity and professionalism.
We have no hesitation in recommending GMS as a partner to work with for ship recycling.
- Atlantic Container Line AB
We, EVER GLORY MARITIME COMPANY LTD. have countersigned MOA of our managed vessel named “MINBEI” with GMS on 6 May, 2016 and mutually agreed to deliver the aforementioned vessel to Alang port of Bangladesh on June 2016.
Although scrap price has fallen on June, GMS still strictly fulfilled the MOA. The vessel “MINBEI” has very smooth delivery finally.
Thanks again for your good performance on MOA implementation!
- Ever Glory Maritime Company Ltd.
We, Hyundai Merchant Marine Co., Ltd. would hereby recommend Messrs GMS Inc. or nominees as solid and reliable partners for the recycling of older vessels. Prompt payment, coupled with smooth and timely deliveries whilst providing first class feedback, guidance and top dollar pricing made dealing with GMS a pleasure, and We, Hyundai Merchant Marine Co., Ltd would have no objection in recommending them to others.
- Hyundai Merchant Marine
We have been doing business with Messrs GMS Inc for many years now and have been extremely pleased with their co-operation, performance and fulfillment of MOA’s contractual obligations during the good as well as the bad periods of the recycling market. It goes without saying that we will continue our co-operation in with Messrs GMS Inc in future and recommend them as a reliable cash buyer.
- Goldenport Shipmanagement Ltd.
We have been selling to GMS ships of all sizes and types for nearly two decades now. During this time we saw them performing in almost 500 sales through our intermediary in the most extreme market fluctuations and we were blessed to foresee the transformation of a start up company to WORLD’S LEADER IN SHIP RECYCLING step by step, sale by sale.
The quality, professionalism, hard work 24/7 of the entire multinational GMS team wherever located around the world, and especially the vision, business manners and commitment of Dr. Sharma himself , made a huge difference and upgraded the entire recycling industry.
CONGRATULATIONS FROM ALL OF US TO ALL OF YOU!!
Looking forward to the next 20 years and the sale of 1000 Vessels between OPTIMA and GMS!!!
- Optima Shipbrokers
BW Gas ASA has sold several vessels to GMS (USA) in the past.
We are very pleased with the performance of GMS, and based on our experience to date, we can recommend them to any others who are considering the sale of their older vessel(s) for recycling without hesitation.
- BW GAS, Norway
We, Hanjin Shipping, had contracted to sale a first vessel MV Hanjin Dampier 207,346 DWT (25,405LT LDT) Bulk Carriers as demolition to GMS JLT in early May 2012 with about two month forward delivery of the vessel.
After we had agreed all the terms and conditions, the scrap market had fallen sharply due to monsoon weather in India, depreciation of India Rupee, downward pressure driven by rush of demolition candidates.
It is really sure that GMS JLT as buyers of the vessel suffered from the sudden drop of demolition prices and had difficulties in finding scrap yards in sub-continent. Nonetheless, GMS JLT had found amicable solution to overcome the adverse environmental changes for mutual benefits.
Hanjin Shipping is quite happy to contract with reputable and reasonable partners in Demolition market and we feel inclined to have more business opportunities with GMS JLT again in the futures.
- Hanjin Shipping, Seoul, South Korea
We highly recommend GMS for ship recycling, being a very reliable, experienced and well organized company. It was our first sale into Bangladesh and GMS made it very simple. They guided us through every step and even paid for the vessel before delivery. It was a pleasure dealing with GMS.
- Eastern Mediterranean Maritime Ltd., Greece
In March 2000, our principals sold their first vessel for recycling to nominees of Global Marketing Systems, Inc. (GMS). Since then a good number of vessels with a total LDT of over 218,000 tons has been negotiated with nominees of GMS.
GMS have conducted themselves with professionalism and integrity in each of these transactions; even in the most difficult circumstance. A recent example of GMS performance was our sale during May 2002 in Bangladesh. The market suddenly and unexpectedly was heavily crashed, leaving nominees GMS with a great exposure. Notwithstanding this fact, the nominees of GMS really performed according to the MOA and the deal was completed without any renegotiations, even though we understand that the end-buyers provided plenty of opportunity to do so.
Trying times in business are a true test of a company's integrity and credibility. We must admit that GMS came through in all situations with remarkable performance. We have several years of time tested experience in this business and we have absolutely no hesitation in recommending GMS as one of the best performer we have dealt with.
- Dynacom Tankers Management Ltd., Greece
Chang Myung Shipping hopes for a long and strong relationship with GMS, which is the world’s best cash buyer.
- Chang Myung Shipping, South Korea
Many thanks again for your splendid cooperation throughout this deal and again I must stress the absolute first class performance of GMS that has left a remarkably positive impression with Owners and all of us here at ASM.
- Associated Shipbroking, Monaco
We have been doing business with GMS for several years now and have been extremely pleased with their business manners and performance, particularly in a declining market where a solid counterpart is of utmost importance.
We have no hesitation in endorsing GMS as one of the best, if not the best, Cash Buyer in the market.
- Cyprus Maritime Co. Ltd., Kifissia, Greece
We recently had our first transaction with GMS regarding delivery and beaching of one of our vessels to Pakistan.
The deal was concluded in September 2014 for forward delivery during November. Despite that the market crashed during this time-frame and the asset lost about 10% of its value, dealing with GMS was the correct choice due to the integrity, professionalism and performance of their principals which resulted in having a very smooth and apparent delivery and beaching.
The remittance of all payments were made in time, despite the market not favoring the resale of the vessel from the principals of GMS. Despite Buyers’ interests being jeopardized due to such negative market fluctuation, we did not even lose one penny from what was initially agreed.
On top of that, due to an unfortunate error of our bank the balance payment was remitted back to the Buyers after the beaching had already taken place. Nonetheless, the integrity of the principals of GMS was once more evident and they remitted the funds immediately back to our account.
- Challenger Navigation S.A
We hereby would like to give a recommendation to GMS. The company has been highly recommended to us by several of our trusted contacts so we decided to work with them ourselves. During our dealing with GMS, we have learned that its reputation is well-deserved. The staff at GM are highly skilled, professional, and very supportive. In difficult situations, the company has proven that it is a top player in the recycling market, by assisting us with solving problems, when others would have walked away well before. GMS is eager to achieve a compromise/solution that is best suited for both parties rather than to unfavorably benefit themselves at the expense of the ship owner.
- International Shipping Group & Trading, Istanbul, Turkey
We have been selling all our vessels to you since 1999 and despite the numerous sales your excellent performances are still amazing every new time. We would like to thank you once again for the very good co-operation and your clean performance during the last sale of our subject vessel and we look forward to continue our business relationship and our friendship for the years to come. We really look forward to our next business with GMS
- Besiktas, Turkey
We, Hanaro Shipping, as sellers, recently concluded the sale of M.V. “Mega Grace” (IMO 9009126) to principals of GMS in December, 2014. During the period between fixing and delivery the Indian sub-continent scrap market fell dramatically by almost USD 100/ldt yet still GMS performed flawlessly, professionally and without any delay or renegotiation.
We would therefore recommend GMS as the most safe, reliable and trustworthy counterparty for the same and purchase of vessels for recycling and would urge any other owners to work with them above any others for a smooth and successful transaction.
- Hanaro Shipping co., ltd
We, SC Innovative Ukraine, on behalf of the ship Owners, write this letter in appreciation and recognition of the professionalism that GMS has conformed to provide through our recent transaction during the last quarter of 2014.
From the very early stages of the negotiation, their style in dealing with the Sellers and integrity towards making the deal a smooth one, was apparent. The remittance of all payments were made in time, despite the market not favoring the resale of the vessel from the principals of GMS to a ship recycling facility.
In fact, from the moment of conclusion of the deal until the time of delivery the market dropped significantly. Nonetheless, GMS ensured that our interests were protected and the agreement was honoured until the very last moment of beaching.
The vessel arrived to Pakistan where it was promptly boarded and principals of GMS immediately remitted the balance payment ensuring timely beaching.
We can certify the performance of GMS throughout the deal and their prompt and responsive attitude to ensure that every aspect from negotiation to delivery was being catered to with the most detail and sincerity.
- SC Innovative, Ukraine
Sellers Seacon Ships Management Co.,Limited recently concluded the sales of MV Glory Nanjing (IMO 9002752) / Psu Second (IMO 8919350) and Glory Apollo (IMO 9072044) to principals of GMS from September to December, 2014. During the period between fixing and delivery the Indian sub continent scrap market fell dramatically by almost USD 100/ldt yet still GMS performed flawlessly, professionally and without any delay or renegotiation.
Sellers Seacon Ships Management Co.,Limited would therefore recommend GMS as the most safe, reliable and trustworthy counterparty for the sale and purchase of vessels for recycling and would urge any other owners to work with them above any others for a smooth and successful transaction.
- Seacon Ships Management
It is with great pleasure we note that GMS again have acted professionally during the whole process of buying the capt vessel from us.
As the vessel only arrived to her anchoring position at Alang, India yesterday we are specially pleased to note that the payment and closing could take place already today.
- Imperial Shipping
Having known GMS for many years and having sold them 5 ships in the last two years, we can attest to the efficient and professional business behaviors of GMS. They have proven themselves to be very cooperative in the good and in the bad/declining market and always respect the agreed terms and conditions of the MOA.
It is very rare to find an honest Cash Buyer in the sector of ship breaking, and GMS is a prime example of such. We are pleased to recommend GMS as a reliable Cash Buyer.
- DND Management
Sellers of subjected vessels recently concluded the enbloc sales of MV Hong Wei (IMO 8516251) Hong Hao (IMO 9073232) and Hong Peng (IMO 9073244) to principals of GMS in July, 2014. During the period between fixing and delivery the Indian sub-continent scrap market fell dramatically by almost USD 100/ldt yet still GMS performed flawlessly, professionally and without any delay or renegotiation.
Sellers of subjected vessels would therefore recommend GMS as the most safe, reliable and trustworthy counterparty for the sale and purchase of vessels for recycling and would urge any other owners to work with them above any others for a smooth and successful transaction.
- Hong Yuan Marine Company Limited
GMS (Dubai) are a professionally managed company, who utilize ISS agency services at most ports worldwide.
GMS (Dubai) have maintained complete financial credibility and fulfilled all of their financial obligations towards the business and have never defaulted on their payments to date.
We look forward to growing our association with them during the times ahead.
- Inchcape Shipping Services
We hereby would like to give a recommendation to GMS company.
The company has been highlight recommended to us by several of our trusted contacts so we decided that we should try it for ourselves.
During our dealings with GMS we have learned that its reputation is well earned. The staff at GMS is highly skilled, professional and very supportive.
In difficult situation the company has proven that it is a top player in demolition market by assisting us with resolution of the problems when others would have walked away long time ago. It was ready to achieve a compromise solution which suited the both parties rather than try to ensure its own benefit at the expense of the ship owner.
We are very happy that we have a good trusting relationship with GMS and look forward to many years of cooperation to come.
- International Shipping Group & Trading LTD.
We, JS Line S.A., had agreed to sale of “MV GMT Venus” 12,507 DWT, a pure car carrier for demolition with GMS JLT in December 2013.
During the period from mutual agreement of contract to delivery of the vessel, we are quite impressed by professional expertise and cooperation rendered from the GMS JLT. In spite of holiday season and other difficult situation, the vessel had been successfully and smoothly delivered to scrap place through the best cooperation with them.
JS Line S.A. is quite happy to contract with reputable and reasonable partners in Demolition market and we feel inclined to have more business opportunities with GMS JLT again in the futures.
- JS Line
We Eurotankers Inc. being the managers / sellers of m.t. NOSTOS, HEREWITH ATTEST that Messrs GMS U.S.A are one of the most trust-worthy, and eager companies in their field, specializing in serious and guaranteed beaching in Bangladesh and it was a pleasure to conclude with them the smooth delivery / beaching of our above vessel.
Furthermore and most important, under the personal conduct of Mr. Anil Sharma, the quality of the services rendered to us were of the most professional standards.
- Eurotankers Inc.
We can confirm that in April 2010, we sold our LPGC ‘Maori Venture’ built 1985 for demolition to nominees of Global Marketing Systems, Inc. with delivery in Singapore. The sale went ahead smoothly and if the opportunity arises in the future we would certainly consider GMS again as a potential buyer.
- Petredec Group
In May 2006 we sold one of our vessels to Global Marketing Systems Inc. (GMS) for recycling.
Although we had a short co-operation with GMS< the company’s professionalism and accountability were present throughout the whole procedure. Their response during the negotiations, the delivery of the vessel and the transfer of funds was immediate and accurate.
Taking into consideration all of the above we have no hesitation recommending GMS for further co-operation.
- V. Bulkers S.A.
Following the successful delivery of the above mentioned vessel to clients of yours in bangladesh we wish to express our satisfaction for your performance as buyer in this sale. Your performance has been ‘first class’ honoring your contractual obligations. We look forward in dealing with you in the future.
- Navigator Tankers Management S.A
We hereby recommended GMS or nominees as trustworthy and reliable partners as buyers of container vessels.
We have done several deals with GMS and can testify that communication, guidance and smooth operations are always the case when dealing with GMS.
Additionally, payments were always made promptly and as agreed.
Even in difficult conditions, such as in cases of minor wrong descriptions of equipment or higher bunker consumption and therefore lower bunker quantity at arrival due to search and rescue operations, GMS stood at what we have agreed upon in a reliable and professional manner.
- Reederei NSB
We, as Managers of above named vessel, refer to the commercial act held among the owners of the vessel “OCEAN SEAS MARITIME LTD” and “Global Marketing Systems JLT” (“GMS JLT”) as buyers.
Upon the establishment of the captioned agreement and throughout the progress and delivery of the vessel held on November 20th 2014, we confirm that Messrs “G.M.S. JLT” have performed with exceptional punctuality and solvency.
Although peculiar and unpredictable developments have taken place, which have otherwise prejudiced the impartiality of the transaction, Messrs “G.M.S JLT” have fulfilled the contract with solid integrity, contributing efficient to the indefectible and smooth completion of the sale.
- Windforce Maritime Enterprises
We, Gulf Agency Company global shipping agents with headquarters in Dubai has worked with Global Marketing Services (GMS Dubai) acting as agents for their vessels globally since last few years.
We have found them very professional and consider them as one of our very important clients in our shipping business.