IN THE NEWS
Oil Product Tanker Demolition on Track to Break 11-Year Record.
Sub-continent Covid-19 crisis puts squeeze on ship recycling capacity.
Ship recycling halted as India diverts oxygen to health crisis.
Ship recycling rates crash through $500 per ton for favoured units.
Recycling activity likely to rise as older vessels face the chop.
Response to the BBC article about the Indian Ship Recycling Industry.
Ravi Mehrotra, Exmar and GMS 'team up' to enter battle for Shipping Corp of India.
Foresight, Exmar and GMS in the mix for Shipping Corp of India buy-out.
Ship Recycling in Indian Subcontinent region can help reduce carbon footprint.
Ship recycling market strengthens following Chinese New Year pause.
Shipowners face recycling disruption as EU fails to approve Indian subcontinent yards.
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