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: India Update – October 2025 | Alang Resilience, Pricing Trends, and Compliance Leadership
GMS Podcasts
7 minutes
2 months ago
Inside the Markets: India Update – October 2025 | Alang Resilience, Pricing Trends, and Compliance Leadership
In this episode of Inside the Markets from GMS Podcasts, host Jamie Dalzell reconnects with Kiran Thorat, Head of GMS India Office, for an in-depth update on India’s ship recycling market. Two months after their last discussion, Alang continues to demonstrate resilience amid slower arrivals, softer steel prices, and tighter negotiations. Kiran shares how Indian recyclers are maintaining full operational readiness, upholding Hong Kong Convention compliance across more than 110 certified yards, and positioning for a gradual market recovery post-Diwali. India’s consistency, transparency, and trust-driven approach once again reaffirm its leadership in global ship recycling.
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.
