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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
5 days ago
5 days ago
In this second episode of the GMS Hong Kong Convention Series, Ingrid and Henning dive into what the HKC’s entry into force on 26 June 2025 really means for shipowners.
From compliance requirements to commercial benefits, this episode breaks down the practical steps shipowners must take now. Learn why an Inventory of Hazardous Materials (IHM) is essential, how to select an HKC-compliant yard, and where documentation plays a crucial role.
They also explore how the Sustainable Ship and Offshore Recycling Program (SSORP) supports owners through every stage, with verified ESG data, carbon footprint tracking, and certified procedures from LRQA.
If you are an owner, this episode is your roadmap to stay compliant, protect your brand, and lead the market shift toward responsible recycling.
Key Points:
- What HKC compliance means now that it’s in force
- Immediate action items for shipowners (IHM, yard selection, documentation)
- SSORP’s role in supporting full HKC compliance
- Commercial and ESG advantages for early movers
Next Episode:
How ship recycling yards are upgrading for HKC and what that means for the entire maritime chain.
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