"281 data points are collected in the 18-step recycling monitoring process" says Dr. Anand Hiremath, Lead Coordinat… https://t.co/1iSUldkIi8


Live #webinar update! #Offshore #oilandgas #ShipRecycling #Maritime https://t.co/UbEthTvcmD


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Live #webinar update! #Offshore #oilandgas #ShipRecycling #Maritime https://t.co/Ylw1AfVtCh


Live #webinar update! "The price gap between Demo and further Trading values on Drilling rigs is possibly the larg… https://t.co/qqOR5nRPvY




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

  • GMS has commercially negotiated about:
    • 3,500 commercial vessels and offshore units
    • 31% of the Total LDT recycled in the Indian Sub-continent during 2016
    • The largest number of rigs for recycling
    • 65% of the vessels which were offered for responsible ship recycling in India
  • Our GMS WEEKLY is the most quoted and longest report in the Vessel Recycling Industry.
  • 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
    • With multiple offices across the world including U.S.A,Germany, U.A.E, Singapore, China, Japan, Greece, and South Korea and exclusive representative offices in India, Bangladesh, Pakistan and Turkey.
    • To have developed Responsible Ship Recycling Program together with an IACS Classification Society.

  • GMS is now the first and only cash 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 partnered ship recycling yards, as well as, it provides guidance and training to the recycling yards in both Alang & Chittagong. GMS helps those yards upgrade their recycling facilities to international standards, at no cost to the yards.
  • GMS is the only cash buyer in the world to collaborate with an IACS-member Classification Society (IR Class) to develop one-of-a-kind train-the-trainer program to develop skills of the work force of the entire ship recycling industry in Alang, India.
  • For the last eight years in a row (2010 - 2018) Dr Anil, Sharma, Founder and CEO of GMS, has being recognized in the "Lloyd's List Top 100 Most Influential People in Shipping."



For more than 26 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 principles of TRUST and INTEGRITY. Our principles have been battle tested in more than two decades of volatile markets.

Solution Driven

Most people run away from difficult situations, we run towards them. Our job is to find honest solutions to your most complex recycling problems.

Green Recycling

GMS TEAM: depth, expertise, 4 Doctorates. RSRP headed by a Dr Hiremath who has Doctorate in Ship Recycling, Dr Mikelis, also known as the father of Hong Kong Convention (HKC), is non-executive director and guides owners, capital providers and recyclers on regulatory conditions.


Depth and width of experience: more than 3,500 deals, most qualified people in their respective fields, No other buyer can provide more complete results.