IN THE NEWS
Converted VLOCs are quickly vanishing from shipping history.
Scrap market 'shaky and confused' as owners hold back ships on price falls.
Scrap rates stay above $600 amid thin volume during summer holidays.
'Mythical' scrap price of $600 approaches says GMS, as steel values firm.
Ravi Mehrotra, Exmar and GMS 'team up' to enter battle for Shipping Corp of India.
GMS predicts more demolition in 2020 despite tough operating environment.
Scales are tilted in favour of European recyclers, says Sharma.
Watershed looms for shiprecyclers after 15% fall in prices, says GMS chief Sharma.
Mikelis fears plurality of standards for global shiprecycling.
Key Countries set to put pen to paper on Hong Kong Convention.
Chinese shipbreakers urged to fight illegal scrapping for survival.
GMS Founder feels excitement in shipbreaking after 26 years.
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