GMS Podcasts
What’s going on in Alang?

What’s going on in Alang?

August 31, 2022

Three ship recycling experts offer a frank assessment of working practices in Alang, the pace of progress and the scale of the challenge ahead.

Guests:

  • Dr. Anand Hiremath, Chief Sustainability Officer, GMS
  • Vishaal Raj Soni, CEO, Leela Group Ship Recycling Yards
  • Vikram Purohit, Marine Surveyor & Senior Ship-recycling Specialist at Lloyd's Register
Ship Recycling Global Market Report | July 25th 2022

Ship Recycling Global Market Report | July 25th 2022

July 25, 2022

Jamie Dalzell talks about the introduction last week of a USD 5 million limit on Letters of Credit (LCs) in Bangladesh. He considers the impact the financial restriction will have on recyclers in Chattogram and the wider impact on shipowners looking to sell higher LDT vessels. He addresses the market situation in India and the effect of steep price volatility on end buyer mood and willingness to purchase new tonnage.

Ship Recycling Global Market Report | July 19th 2022

Ship Recycling Global Market Report | July 19th 2022

July 19, 2022

Amit Malhotra shares his views on the state of the recycling market with an analysis of why prices are levelling off around US 600/LDT, down from the earlier peak of USD 700/LDT. He provides insight into the reasons for and future direction of Subcon currency volatility and explains how owners in Japan are extending the trading lives of their elderly vessels to take advantage of the positive freight market environment.

Harry Theochari on the challenges of financing decarbonisation, the fallout from Brexit and the future for London as a maritime hub

Harry Theochari on the challenges of financing decarbonisation, the fallout from Brexit and the future for London as a maritime hub

July 13, 2022

As the debate over fuel transition heats up, we speak to veteran ship finance lawyer Harry Theochari about financing shipping’s journey towards net zero.

Ship Recycling Global Market Report | July 5th 2022

Ship Recycling Global Market Report | July 5th 2022

July 5, 2022

A quick round-up of the main recycling markets with our senior trader in Seoul Gyungbae Gill, looking at currency developments and buying sentiment across the sub continent.

Ship Recycling Global Market Report | June 20th 2022

Ship Recycling Global Market Report | June 20th 2022

June 20, 2022

A quick round-up of the main recycling markets with our senior trader in Singapore Jamie Dalzell, looking at currency developments and buying sentiment across the sub-continent.

Ship Recycling Global Market Report | June 14th 2022

Ship Recycling Global Market Report | June 14th 2022

June 14, 2022

A comprehensive post-Posidonia round-up of the demo market explaining recent falls sustained across all subcontinent recycling markets, reasons for the price corrections and outlook for the coming weeks and months. 

Ship Recycling Global Market Report | May 30th 2022

Ship Recycling Global Market Report | May 30th 2022

May 31, 2022

Senior GMS Trader Simos Dimitriou reveals how the ongoing sub-continent collapse in prices fully materialized this week during a frank conversation with Jon Chaplin on the GMS Podcast.  He talks about the havoc being caused by a handful of Pakistan recyclers refusing to play ball and urges owners with fresh tonnage for the demo market to sit back and wait for the dust to settle before committing to any new deals.

Ship Recycling Global Market Report | May 23rd 2022

Ship Recycling Global Market Report | May 23rd 2022

May 23, 2022

After another challenging trading week for the ship recycling markets, we talk to GMS Trader Chenjie Zhu about the impact of a widening price expectation gap between owners and recyclers, and the long term implications for some Pakistan yards stemming from their decision to walk away from buying commitments.

Ship Recycling Global Market Report | May 10th 2022

Ship Recycling Global Market Report | May 10th 2022

May 10, 2022

Subcontinent markets have taken a turn for the worse this week as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh and Turkey have led to weaker sentiment and virtually no new offers on any available tonnage.  Are the fundamentals changing or will normal record-high service be resumed when Bangladeshi breakers are back from their break?  

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