IN THE NEWS
Recycling yards scale back enthusiasm as steel plate prices fall.
Scrap rates stay above $600 amid thin volume during summer holidays.
Industry needs to give to ship recycling regime the attention it deserves.
'Mythical' scrap price of $600 approaches says GMS, as steel values firm.
Call for regulations rationale on Sustainable Ship Recycling.
Ship Recycling Prices, Activity Remain at Historic Highs, say GMS CEO.
Tankers and offshore units retain appeal for hungry recyclers.
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