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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.
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2 days ago
2 days ago
In Episode 4 of the GMS Hong Kong Convention Series, Ingrid and Henning move the focus from yard-level transformation to strategic impact. The central question: Can compliance with the Hong Kong Convention unlock capital, reduce risk, and create real commercial value?
This episode explains how ESG-aligned recycling, supported by frameworks like the Sustainable Ship and Offshore Recycling Program (SSORP), is reshaping how the industry defines success. With practical insights from shipowners, flag states, and financial institutions, listeners will understand how transparency, traceability, and verified metrics are now essential in maritime decision-making.
This conversation is relevant for shipowners preparing for green financing, insurers assessing risk, or regulators tracking how ESG moves from reporting to real-world implementation.
Key Points:
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ESG expectations in ship recycling and why they matter now
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How HKC compliance improves access to financing and insurance
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The role of SSORP in supporting audit-ready and verifiable reporting
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What stakeholders like flags and banks expect from shipowners today
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How data-driven ESG reporting can provide a competitive edge
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