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 Week 48 of the GMS Weekly Podcast, Ingrid and Henning discuss another unsettled week for global ship recycling as steel plate prices fell across Bangladesh, India, Pakistan, and China, while the US dollar softened in most markets and the Baltic Dry Index climbed to its highest level since December 2023. Bangladesh held the strongest pricing despite weaker fundamentals and political tension, India remained subdued below the 400-dollar level, and Pakistan marked a major milestone with its first HKC-compliant yard approved by Bureau Veritas. Turkey stayed stable but quiet as the Lira continued to weaken. With limited demolition supply, softer steel, shifting currencies, and increasing compliance activity, the market enters the final weeks of 2025 with cautious expectations and an eye on potential improvement in 2026.
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.
