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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References

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



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