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.
Inside the Markets - Dubai Edition (November 2025) | Ship Recycling Trends, Currency Volatility, and Subcontinent Price Outlook
GMS Podcasts
6 minutes
2 months ago
Inside the Markets - Dubai Edition (November 2025) | Ship Recycling Trends, Currency Volatility, and Subcontinent Price Outlook
In the November 2025 Dubai Edition of Inside the Markets from GMS Podcasts, host Jamie Dalzell speaks with Simos, Head of the GMS Dubai Office, about the shifting dynamics in the global ship recycling market. They explore how declining oil prices, currency fluctuations, and cheap imported steel are reshaping pricing and sentiment across India, Bangladesh, and Pakistan. Despite Pakistan’s high plate prices, operational challenges persist, while India maintains reliability through strong HKC compliance and Bangladesh remains cautious ahead of elections. From Dubai’s growing role in structured recycling deals to the broader outlook for early 2026, this episode offers concise, data-driven insight into the industry’s current phase of “controlled stagnation.”
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.
