IN THE NEWS
Demolition sales boosted as average sale prices exceed $700 per light displacement tonne.
Berge Bulk sells another capesize for scrap as steel prices climb.
More capesizes move to breaking yards as demolition prices climb.
Freight bonanza and demand for secondhand tonnage stifle demolition market.
Ship recycling halted as India diverts oxygen to health crisis.
Ship Recycling in Indian Subcontinent region can help reduce carbon footprint.
Lockdown brings Indian subcontinent ship scrapping to a halt.
Daily Briefing: EU told to end protectionist stance and back Hong Kong Convention.
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