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.
In this Week 47, 2025 edition of the GMS Weekly Podcast, unpack a volatile week for the global ship recycling market as “forums and frictions” define sentiment. Oil slipped to around USD 57.7 per barrel, steel prices softened in Bangladesh and Pakistan, and the Indian Rupee’s sharp drop hit recyclers’ confidence. While the Tradewinds Ship Recycling Forum in Hong Kong spotlighted dark-fleet and regulatory pressures, Bangladesh advanced to 20 HKC-approved yards and Pakistan prepared to certify its first. With limited vessel supply, weaker currencies, and shifting compliance landscapes, South Asia’s recycling markets edge toward 2026 amid uncertainty but also signs of sustainable progress.
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.
