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December 17, 2019


Dr. Anil Sharma is nominated among Lloyd’s List’s Top 100 Most Influential People in Shipping 2019

For the 10th consecutive year, Dr. Sharma’s contributions to the ship recycling industry have been recognized in this prestigious list of global leaders


We are very pleased to announce that for the 10th year in a row, Dr. Anil Sharma, Founder & CEO of GMS, has been featured in the annual Lloyd’s List Top 100 of the most influential people in shipping for 2019. He joins an extremely small and elite group of shipping professionals to be receive this accolade from the world’s most respected and prestigious maritime publication.

In this year’s ranking, Lloyd’s List described Dr. Sharma as a “pioneer in driving positive change in the (recycling) industry” and highlighted how his “vision to evolve ship recycling through sustainable practices has placed Global Marketing Systems at the forefront of the international, industry-wide changes”.

To date, GMS remains the first and only Cash Buyer to be nominated in the Top 100 and the only Cash Buyer in the world to develop an award winning Responsible Ship Recycling Program (RSRP). GMS continues to invest in both local and international programs, in order to provide a full scope of services to Ship Owners, Lenders and Recycling Yards. From preparing Inventory of Hazardous Material (IHM) reports and Ship Recycling Plans (SRPs) to auditing services by providing weekly progress updates and a comprehensive vessel recycling completion reports as per the Hong Kong Convention (HKC) guidelines, GMS offers one-stop, end-to-end solutions to the international maritime community.

As a testament to growing interest in GMS’s RSRP, the percentage of green vessels recycled has mushroomed from a modest 5% of GMS’s total sales into India (about 6 years ago) to nearly 71% this year. Moreover, during the last 5 years, GMS has generated more than 40 IHM reports for various Ship Owners and even helped 10 Recycling Yards in India to achieve their Statement of Compliance (SoC) in accordance with the Hong Kong Convention.

In 2019, GMS conducted about 50 training programs (a 75% increase over 2018) for yard workers and safety officers in India and Bangladesh. GMS is now working with yards in Bangladesh to develop “green” facilities in that country. In addition, GMS worked closely with the Indian government in their evaluation of and the final ratification of the Hong Kong Convention (HKC) for safe and responsible recycling.

As complimented by Lloyd’s List - “Dr. Sharma has been in this business for the past 27 years and has built it into a force to be reckoned with.”

In response, Dr. Sharma commented: “I would like to thank Lloyd’s List for this prestigious honor for the 10th straight year in a row and I am humbled that the efforts being made by GMS continue to make a difference in the industry. The indelible importance of Ship Recycling remains ever-so prevalent for the maritime and offshore industries and I am pleased to note the commendable improvements being made in the industry over the years. Not only more than 75% of ship recycling yards in India are HKC compliant today, Bangladeshi yards are also getting in on the action, which speaks volumes about the positive strides being taken by the industry at large. Moreover, truly noteworthy is the major step undertaken by the Indian government by ratifying the Hong Kong Convention and announcing the “Recycling of Ships Bill, 2019”. I can only hope that in the year(s) ahead, the EUSRR will finally recognize the positive & giant steps taken by subcontinent recycling yards and complement their efforts by ratifying non-EU yards in the short term and finally dissolving this impractical regulation once HKC comes in to force.”

Dr. Sharma’s review in the Lloyd’s List Top 100 can be found online at:


For a free copy of the publication, kindly contact: info@gmsinc.net



For further enquiries, contact us at: bd@gmsinc.net



Founded in USA, GMS is the world’s largest Buyer of ships and offshore units for recycling. GMS has successfully negotiated several thousand assets since its inception—more than any other company in the world! For more than a decade GMS has led the industry by sheer volume of transactions and innovative products. The firm's mission is to simplify the disposal and recycling processes in the maritime world by providing end-to-end solutions, sustaining an asset’s residual value while simultaneously improving international health, safety and environmental standards. With nine international offices, an award-winning Responsible Ship Recycling Program, and a team of specialized experts, GMS continues to influence positive change in the global maritime and offshore industry.

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November 20, 2019
A small step for India, a giant leap for the ship recycling industry.
In news that surfaced late this evening from India, as reported by the Press Information Bureau (Government of India), the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for enactment of the “Recycling of Ships Bill, 2019” and accession to the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009.
The Bill, aptly titled the “Recycling of Ships Bill, 2019”, includes the following salient features:
  • -Restrictions / prohibitions against the installation and use of hazardous materials and vessels will be surveyed and certified on the basis of the inventory of hazardous materials (IHM).
  • -Ship recycling facilities will need to obtain authorization to operate and only authorized yards will be permitted to import ships for recycling.
  • -Ship-specific Ship Recycling Plans (SRPs) will need to be prepared for incoming vessels.
  • -Incoming ships will need to obtain a “Ready for Recycling Certificate” in accordance with the HKC.
  • -When the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009 finally comes into force, its provisions will also be implemented under the authorities of the Bill.
In response, Dr. Anil Sharma commented: “I am delighted by the decision made by the Indian Government and this truly is another hallmark moment towards the accession of the Hong Kong Convention by the largest ship recycling destination in the world today. With this giant step, the Indian Government has ensured that not only on the micro-end, will the industry continue to operate while keeping worker health and the safety of the environment at heart, but on the macro-end, a growing number of ship owners seeking SoC based green-recycling options can be certain that the authorities have added another layer of security for their incoming vessels. As a result, this Bill eases the restrictions on non-EU yards that are currently imposed by the EUSRR.”
Dr. Nikos Mikelis also commented: “India was always the key to unlocking Hong Kong Convention’s entry into force and after a number of years waiting for India’s ship recycling industry to mature and embrace the technical standards of the Convention, and having witnessed that remarkable transformation, it is now most rewarding to receive news that India’s Cabinet has adopted the Convention as India’s own standard. It now only remains for Parliament’s both houses to review and pass the new Bill before India’s President signs India’s
accession to the Hong Kong Convention. My warmest congratulations to India’s ship recyclers!”
For further enquiries, contact us at: bd@gmsinc.net
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