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 49 Ship Recycling Market Update: Global Slowdown, HKC Momentum, and Year-End Trends
GMS Podcasts
6 minutes
1 month ago
GMS Weekly Podcast | Week 49 Ship Recycling Market Update: Global Slowdown, HKC Momentum, and Year-End Trends
In this Week 49 GMS Weekly Podcast, Ingrid and Henning review another quiet period for global ship recycling as steel prices across the Indian subcontinent ease by about 5 dollars per ton, currencies in India, Bangladesh and Turkey weaken against the US dollar and the Baltic Dry Index slips around 3 percent while oil holds near 59 dollars 70 cents a barrel. Bangladesh keeps its position at the top of the price rankings, India remains at the bottom with very limited new arrivals, and Pakistan builds on the recent approval of its first Hong Kong Convention compliant yard in Gadani. Turkey records one of the few bright spots with local steel prices up about 10 dollars per ton and slightly higher offers, although Lira weakness continues to challenge buyers. The episode highlights how tight supply, currency moves and growing HKC capacity are shaping end of year sentiment and setting expectations for the 2026 recycling market.
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.
