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GMS is the world’s largest 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 recycling 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
Wednesday Aug 31, 2022
Wednesday Aug 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
Monday Jul 25, 2022
Monday Jul 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.
Tuesday Jul 19, 2022
Tuesday Jul 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.
Wednesday Jul 13, 2022
Wednesday Jul 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.
Tuesday Jul 05, 2022
Tuesday Jul 05, 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.
Monday Jun 20, 2022
Monday Jun 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.
Tuesday Jun 14, 2022
Tuesday Jun 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.
Tuesday May 31, 2022
Tuesday 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.
Monday May 23, 2022
Monday 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.
Tuesday May 10, 2022
Tuesday 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?