In this first episode of the Inside the Markets series from GMS Podcasts, the focus is on South Korea, one of Asia’s most precise and data-driven shipping markets.
Gyungbae Gil, Head of the GMS Korea Office, shares expert insights on how Korean shipowners are approaching recycling and acquisitions in a firm freight market.

Key discussion areas include:

• Why older Korean-owned LNG carriers are leading recycling activity in 2025

• How shipowners are preparing for Hong Kong Convention compliance

• The state of recycling yards in India, Bangladesh and Pakistan

• Pricing outlook with levels in the low USD 400s per LDT

• Secondhand sale trends and the role of Lila Global in Korea

This episode delivers on-the-ground insight from Korea with relevance to global markets, giving shipowners, brokers, and maritime investors actionable information on Asia’s ship recycling and sale and purchase activity.