Welcome to the GMS Weekly Podcast - your go-to source for reliable ship recycling intelligence. In this Week 28 episode (July 11, 2025), we break down a turbulent week marked by tariff threats, rising steel prices, and shifting sentiment across global recycling destinations.

India continues to lead the way with consistent yard capacity and steel fundamentals, while Pakistan shows renewed activity supported by provisional HKC certification. Bangladesh, however, sinks to the bottom of the market, hit by sub-USD 400/LDT prices and regulatory missteps. Even Turkey sees rare movement with a general cargo vessel concluded despite the Lira’s historic decline.

We explore key developments, including demo pricing shifts, HKC-related compliance trends, and guidance for owners and cash buyers navigating Q3. Subscribe now and stay ahead in the fast-evolving world of ship recycling.

Links & Resources:

Subscribe to GMS Weekly: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS
GMS Mobile App: https://onelink.to/gms-app
LinkedIn: https://www.linkedin.com/company/gms-leadership
X (Twitter): https://x.com/GMS_Leadership
Instagram: https://www.instagram.com/gms__leadership
Facebook: https://www.facebook.com/gmsleadership/