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GMS is the world’s leading cash buyer of ships and offshore assets for recycling. We help our clients achieve their residual value expectations and ensure the safe and environmentally sound demolition of their vessels. We offer free training to recycling yard workers in India, Pakistan and Bangladesh through our Sustainable Ship and Offshore Recycling Program. GMS Podcasts channel offers a weekly take on the shipping markets, vessel residual values, and ship recycling.
Episodes
Friday Jun 13, 2025
Friday Jun 13, 2025
In the final episode of the GMS podcast series on the Hong Kong Convention, we look ahead to what happens after HKC enters into force on June 26, 2025. Will the Convention deliver its promise of safe and sustainable ship recycling globally? Or will legal conflicts with the Basel Convention slow down its impact?
Host Henning speaks with Dr. Nikos Mikelis and Dr. Anand Hiremath about what the maritime industry needs to prepare for now.
Key questions explored:
- What changes for shipowners, flag states, and recycling yards after June 2025
- How certified yards in India, Bangladesh, and Turkey are preparing
- Risks from overlapping regulations, especially Basel’s Ban Amendment
- Whether global capacity is enough to meet demand for compliant recycling
- The future role of technology, ESG reporting, and traceability tools
- What governments must do next to resolve legal uncertainty
This is an essential conversation for anyone involved in maritime operations, ESG, policy, or ship end-of-life planning.
Join the Final GMS Webinar: Charting the Future
On June 26, 2025, GMS is hosting a key live webinar session:
“Charting the Future: Can the Competing Requirements of the Two Conventions Be Aligned?”
This session features international regulators, policymakers, and industry leaders discussing the HKC–Basel conflict and how to ensure a practical path forward.
Register here: https://us06web.zoom.us/webinar/register/9417485435018/WN_kLd2bjyvRxuaO3ZnZ1o3jg
One registration gives you access to all three parts of the webinar series.
Subscribe to the GMS Podcast and follow GMS on LinkedIn to stay informed.
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