#ShipRecycling Market - Week 20 - WHAT GOES UP MUST COME DOWN! Another woeful week of declining sentiments has lef… https://t.co/GoWOR8t0EH


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#ShipRecycling Market - Week 19 - DOWN AND DIRE! It has been a woeful week across all of the major ship recycling… https://t.co/jnuhiVk3XD




Established in 1992, GMS is the world's largest buyer of Ships, Rigs, and Offshore assets for recycling.

  • GMS has commercially negotiated about:
    • 4,000+ commercial vessels and offshore units
    • Nearly 50% of the Total LDT that was beached in the Indian Sub-continent, so far in 2020.
    • The largest number of rigs for recycling.
    • 66% of the vessels that were offered for sustainable ship recycling in India.
  • Our GMS WEEKLY newsletter is the most quoted report in the ship recycling industry, with over 18 years in circulation and more than 950+ editions in print.
  • GMS is the only cash buyer in the world that has developed a core team of some of the leading experts in the world to assist owners with the requirements of the Hong Kong Convention for safe and responsible recycling of ships. This comprehensive expertise includes:
    • Regulatory requirements.
    • Vetting of yards.
    • IHMs, SRPs, FMPS.
    • Auditing.
    • Certificates of compliance.
    • Advisory services.
    • Mitigation of legal and headline risks.
    • Multiple offices across the world, including U.S.A, Germany, Greece, U.A.E, India, Singapore, China, South Korea, and Japan, and additional exclusive representative offices in India, Bangladesh, Pakistan and Turkey.
    • The first to have developed an exclusive Responsible Ship Recycling Program together with an IACS Classification Society.
  • GMS is now the first and only buyer in the world, to report on the 'Carbon Footprint' of every single vessel that is being recycled under the company's responsible recycling program, from the point of beaching until the completion of the recycling process.
  • GMS remains the first and only cash buyer in the world to conduct regular risk assessment workshops for workers at its partner ship recycling yards, as well as provide guidance and training to the recycling yards in both Alang & Chittagong. GMS helps these yards upgrade their recycling facilities to international standards.
  • GMS is the only buyer in the world to collaborate with an IACS-member Classification Society (IR Class) to develop a one-of-a-kind train-the-trainer program, in order to develop the skills of the work force of the ship recycling industry in Alang, India.
  • GMS has earned numerous accolades for its contributions to sustainable ship recycling :
    • Dr. Anil Sharma, CEO and Founder of GMS has been among the Lloyd’s List Top 100 Most Influential Persons in Shipping in the last 10 years in a row (2010-2019).
    • Dr. Anil Sharma, CEO and Founder of GMS has been among 50 Most Influential in Tanker Shipping and Trade for the year 2018 & 2019
    • GMS was the winner of Seatrade Green Shipping Award 2018 (Abu Dhabi Ports, Zara Maritime, Bluewater Trade Winds Pvt Ltd, Monjasa, The Shipping Corporation of India were the finalists)
    • GMS was Finalist for the Lloyd's List Global Environmental Award 2018 (DNV GL, Forecast Technology, Jan De Nul Group, Kuwait Oil Company and Vancouver Fraser Port Authority were the other finalists)
    • GMS was Finalist for the Seatrade Green Shipping Award 2019 (ABS, DNV GL Maritime, HullWiper Ltd, Seacor Offshore Dubai LLC were the other finalists)
    • GMS was Finalist for the Maritime Standard Green Shipping Award 2018 (Emarat Maritime LLC, HullWiper Limited, Kuwait Oil Tanker Company, Monjasa and Orient Overseas Container Line Limited were the other finalists)
    • GMS was Finalist for the Maritime Standard Green Shipping Award 2019 (Hapag Lloyd, Hoegh Autoliners AS, HullWipers Ltd, Kuwait Oil Tanker Company, MaK Middle East LLC and Orient Overseas Container Line Limited were the other finalists)



For more than 28 years, GMS has been an innovator and a leader in the ship recycling industry, boldly facing challenges and finding sensible solutions.

Market Coverage

With 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 and INTEGRITY. 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 TEAM: Depth, expertise, 4 Doctorates. Our RSRP program is spear-headed by Dr. Anand Hiremath, who has a Doctorate in Ship Recycling, Dr. Nikos Mikelis, also known as the father of the Hong Kong Convention (HKC), is a non-executive director at GMS and helps guide owners, capital providers and recyclers on regulatory conditions.


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.