IN THE NEWS
Emissions cuts: Owners need to switch focus from asset plays to operating earnings.
Decarbonisation rules set to bail out tankers predicts finance guru Arntzen.
Sharma hires Chaplin to promote GMS as scrapping looks to clean up its act .
GMS linked to deal for product tanker duo, with prices raising questions.
Prime Marine scraps LR1 pair as Greeks accelerate tanker demolitions.
Price and green yard capacity seen as key to imminent scrapping wave.
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.
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