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It would appear as though the journalistic code of ethics was not closely practiced during the BBC's 'report' titled, "Breaking Bad: Uncovering the Oil Industry's Dirty Secret." Throughout the coverage, the BBC feeds readers inaccuracies and negatively spun out-of-context views on ship recycling yards in Alang, India.
Following the onslaught of misinformation and incorrect views of the ship recycling industry portrayed by the BBC, GMS principals have found it necessary to address some falsified items and misleading perspectives depicted in the report.
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Shipping’s capital providers should take a close look at the residual values of financed assets, warned Dr. Anil Sharma, founder and CEO of GMS, the world’s largest cash buyer of end-of-life ships, during a webinar on ship recycling regulations last week.
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Demolition volume set to rise as owners scrap old ships during viral crisis
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Annual demolition volume set to rise as owners want to scrap old tonnage during the Covid-19 crisis.
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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
