GMS is the world’s largest 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.
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GMS is the world’s largest 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.
GMS Weekly Podcast | Week 45 Ship Recycling Market Recap: “Trading Day? Some Other Day.”
GMS Podcasts
3 minutes
2 months ago
GMS Weekly Podcast | Week 45 Ship Recycling Market Recap: “Trading Day? Some Other Day.”
In this Week 45 episode of the GMS Weekly Podcast, global ship recycling markets remain quiet as inflation rises, steel prices weaken, and currencies struggle across key destinations. The Baltic Dry Index gained 7% for the week, but that momentum has yet to reach recycling yards. Bangladesh saw no viable tonnage and collapsing steel demand, India stayed active despite low prices, Pakistan slipped further below USD 400 per LDT amid cheap Iranian imports, and Turkey’s yards remained largely idle. With supply thin and sentiment cautious, the industry continues to wait for its long-delayed “Trading Day.”
GMS Podcasts
GMS is the world’s largest 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.
