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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
Thursday May 22, 2025
Thursday May 22, 2025
Ingrid and Henning kick off the GMS Hong Kong Convention Series with a clear look at how the new regulations will reshape ship recycling. They trace the story from adoption in May 2009 to the moment the final ratifications locked the Hong Kong Convention into force on 26 June 2025.
Along the way you will hear why early movers such as Norway, Japan, and four pioneering Indian yards matter; how ClassNK helped craft practical yard procedures; and where the EU’s existing rules sit in the bigger picture.
Key points
• Entry-into-force timeline and criteria
• Benefits for owners, cash buyers and recycling yards
• How HKC can deliver greener results than current EU regulation
Next episode: What shipowners need to do before 26 June 2025
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