Bangladesh Sentiment: Weak Gen Cargo (Dry): USD 570/LT LDT Tankers (Wet): USD 580/LT LDT. India Sentiment: Weak Gen Cargo (Dry): USD 560/LT LDT Tankers (Wet): USD 570/LT LDT. Pakistan Sentiment: Weak Gen Cargo (Dry): USD 550/LT LDT Tankers (Wet): USD 560/LT LDT. Turkey Sentiment: Weak Gen Cargo (Dry): USD 240/LT LDT Tankers (Wet): USD 250/LT LDT.

Innovative Solutions
For Responsible Recycling.

Who We Are

Established in 1992, Global Marketing Systems Inc. (GMS) is the ‘world’s largest buyer of ships and offshore assets for recycling. With multiple offices across the globe, including the USA, Germany, Greece, London, UAE, India, Singapore, Brazil, Philippines, China, South Korea, and Japan and further exclusive representative offices in India, Bangladesh, Pakistan, and Turkey, GMS has evolved to capture a global presence and a team of dedicated experts that helps the company provide one-stop, end-to-end solutions for the recycling of maritime assets. GMS was formed on the principles of TRUST, INTEGRITY, and PERFORMANCE. These have been the core principals at the heart of ‘GMS’s daily operations for more than 3 decades.

30+
Years Of Unparallel Leadership

30+ Years
Of Unparallel
Leadership

13+
Locations

13+
Locations

4000+
Transactions Worldwide

4000+
Transactions
Worldwide

35+
International Awards

35+
International
Awards

TrustIntegrityPerformance

Our Battle - Tested Principles

What we offer

01

SHIP RECYCLING

Ship Recycling

GMS positioned itself as the largest contributor to the ship recycling industry by creating value for all stakeholders related to the ship recycling industry over the last three decades. Ship recycling is a process in which end-of life ships are dismantled to recover useful material which includes steel plates, non-ferrous metals, and other reusable material. GMS, a leading cash buyer, plays a critical role in delivering the vessels to the recycling facilities. Since its inception, GMS, the largest cash buyer in the world, has facilitated the recycling of more than 4000 vessels. These transactions include recycling commercial vessels of leading shipowners, naval ships of various governments, and distressed vessels. GMS has undertaken more than 150 trans-pacific and trans-Atlantic tows. The phrase ‘Ship Recycling’ was first coined by the GMS.

02

OFFSHORE RECYCLING

Offshore Recycling

GMS has a significant presence in the recycling of offshore vessels and has attained competence in managing risks associated with the recycling of offshore vessels. We have been guiding the owners and capital providers involved in offshore exploration, production, and construction to ensure recycling of their vessels complies with their own Environmental, Social, and Governance (ESG) policies. In house team of legal and ESG experts with years of experience plays a crucial role in compliance monitoring the complete recycling process. 

We make certain that owners and financing banks can proactively manage the true residual values for offshore vessels.

03

SUSTAINABILITY

Sustainability

We believe that the ship recycling industry is a notable example of a Circular Economy as it conserves the metal resources on the earth by recycling and reusing steel, copper, brass, and aluminum recovered from ships. It generates employment opportunities for skilled workers and supports the development of communities. The United Nations adopted Sustainable Development Goals 2030 (SDG 2030) to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

04

SSORP

SSORP

GMS is the pioneer in the industry to develop the unique Sustainable Ship and Offshore Recycling Program (SSORP). 

The ship-owners, insurance, and finance providers lack understanding of recycling ships due to false information about the adverse environmental impacts and working conditions in recycling facilities, leading to ambiguity and confusion among them. Stakeholders face headline risk, ESG risks, and financial risks. To mitigate these risks GMS team has developed an award-winning program to provide an End-to-End solution for ensuring sustainable ship recycling. The SSORP steps in when the ship-owner decides to recycle a ship. The team of experts monitors the complete recycling process from the beginning until the completion of the recycling process. SSORP is very high on the value and low on the price.

Whats Makes Us Different

Leadership
For more than 30 years, GMS has been an innovator and a leader in the ship recycling industry, boldly facing challenges and finding sensible solutions.
Market Coverage
With 13 offices and representatives in all major shipping and ship recycling markets, we are uniquely positioned to address your needs via person to person interaction. We THINK GLOBAL and ACT LOCAL.
Market Risk
GMS was formed on the principles of TRUST, INTEGRITY and PERFORMANCE. Our principles have been battle-tested over two decades of market volatility.
Solution Driven
Most people find the quickest exit from difficult situations, however, at GMS, we prefer to face them. Our job is to find honest solutions to your most complex recycling problems.
Green Recycling
GMS is the pioneer in the industry to develop the unique Sustainable Ship and Offshore Recycling Program (SSORP) led by Dr. Anand Hiremath, who has a Doctorate in Ship Recycling, Dr. Nikos Mikelis, also known as the father of the HKC.
Experience
Depth and width of experience: more than 4,000 deals, most qualified people in their respective fields, no other buyer can provide more complete results.

Our Locations

USA

USA

+1.301.759.9240

Germany

Germany

+49.40.319.799.63

Greece

Greece

+30.210.899.0669

UAE

UAE

+971.4.4230720

India

India

+91 278 222 5253

Singapore

Singapore

+65.68.23.8037

China

China

+82.21.6075.1900

Japan

Japan

+81.3.6455.1469

South Korea

South Korea

+82.10.4650.0720

London

London

+44 7920 811412

Rio De Janeiro

Rio De Janeiro

+55 21 979 80 3782

Manila

Manila

+63 92 9168 2269

Turkey
Pakistan
Bangladesh
India
USA
+1.301.759.9240
GERMANY
+49.40.319.799.63
GREECE
+30.210.899.0669
UAE
+971.4.4230720
INDIA
+91 278 222 5253
SINGAPORE
+65.68.23.8037
CHINA
+82.21.6075.1900
SOUTH KOREA
+82.10.4650.0720
JAPAN
+81.3.6455.1469
London
+44 7920 811412
Rio De Janeiro
+55 21 979 80 3782
Manila
+63 92 9168 2269
INDIA
Bangladesh
Pakistan
Turkey

Get in touch with vessel quote