In this episode of the Inside the Markets series from GMS Podcasts, we focus on China, the world’s largest shipowning nation and one of the most influential markets in global shipping. Despite its vast fleet, recycling volumes remain low, with many vessels kept in domestic service or placed in the secondhand market.

Jamie Dalzell, Head of the GMS Singapore Office, speaks with Leo Liu, Head of the GMS China Office, about how Chinese shipowners are approaching ship recycling under the Hong Kong Convention (HKC) and how regional market conditions are shaping their decisions.

Key discussion points include:

• Why Chinese shipowners hold onto vessels longer and keep recycling activity limited

• HKC enforcement and its effect on Chinese state-owned and private owners with global exposure

• Vessel types currently heading for recycling, including handy and small bulkers, coastal ships, and feeder containerships

• Pricing outlook with LDT values between 405 and 455 USD and reasons for seller caution

• Regional recycling updates from Bangladesh, India, and Pakistan and their implications for Chinese owners

From bulkers to feeder units, Leo provides practical insight into how Chinese sellers balance compliance, market timing, and asset value.
 

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