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For over 16 years now, every Monday GMS Weekly has brought you the most reliable and thorough information on the ship recycling industry for free to help you make educated decisions.
We are the ONLY company in the world to bring to you PROFESSIONAL end to end solutions from decommissioning and taking deliveries of assets from oil fields to responsible recycling. Call us for a no cost proposal .
Notorious for environmental pollution and accidental death of workers in the yards till a decade ago, Alang in Gujarat is currently the greenest and safest ship-breaking hub globally. So, what changed?
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In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.
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More Hong Kong Convention-certified yards, lower oil prices and higher residual values create ideal conditions for rig recycling, writes GMS Dubai senior trader Faidon Panagiotopoulos
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GMS handled themselves with great deal of integrity and professionalism in our most recent sale, including the extension of a cancelling ...
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Sellers is delighted by the smoothness of the negotiation and delivery. It's been a wonderful experience dealing with GMS and particu...
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In September 2016, Atlantic Container Line AB (ACL), a Grimaldi Group company, sold the Atlantic Concert, one of our five G3 multipurpose...
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Established in 1992 in historic Cumberland, MD. (U.S.A), GMS is the world's LARGEST and FIRST ISO 9001 certified Cash Buyer of ships for recycling. With exclusive representatives in all of the major ship recycling markets in the world, GMS has negotiated about 3,500 ships for recycling since inception. In addition to its original office in the United States of America, the company continues to expand its operations with offices in Hamburg (Germany), Athens (Greece), Dubai (UAE), India (Bhavnagar), Singapore, Seoul (Korea), Shanghai (China) and Tokyo (Japan).
P.O. Box 346041, Suite 101,
Saba 1 Jumeirah Lake Towers, Dubai, UAE
P:+971.4.4230720
F:+971.4.4230721
E: gms@gmsinc.net
