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 43 episode of the GMS Weekly Podcast, titled “Woefully Slow,” we examine a subdued week across global ship recycling markets as the Baltic Dry Index slipped 3.2% and oil edged up to USD 62.14 per barrel. Sub-continent prices continued to weaken below USD 400/LDT amid scarce tonnage and muted sentiment. India remained quiet post-Diwali with steel at USD 389 per ton and INR 87.54; Bangladesh saw limited activity led by LNG and bulker sales with the Taka at BDT 122.35; Pakistan slowed again as cheap Iranian steel undercut prices near USD 614 per ton; and Turkey held steady with TRY 42.08 per USD and offers around USD 250–270/LDT. Overall, firm freight rates contrast sharply with a recycling sector still facing low supply, soft prices, and little sign of near-term recovery.
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.
