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.
Ingrid and Henning cover Week 50 of the GMS Weekly Ship Recycling Market Insight, titled “December Downers,” as year-end sentiment weakens across demolition markets. The Baltic Dry Index slips nearly 4% (Capes down 5.6%) while oil falls over 3% to about $57.61/bbl, and a strong U.S. Dollar plus softer steel plate prices continue to pressure bids across the sub-continent—pushing many indications toward $400/LDT and below. Bangladesh stays top-ranked but fundamentals deteriorate as plate prices drop about $9/ton and political risk rises ahead of the Feb 12, 2026 election; India remains the weakest with steel around $377/ton and INR near 90.50; Pakistan stays quiet despite ongoing HKC progress; and Turkey is steady but slow with TRY around 42.70.
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.
