Founded in 1992 and headquartered in Dubai, GMS is world’s largest buyer of ships and offshore vessels for recycling.We take an innovative approach to nurture sustainable ship and offshore recycling industries by working closely with owners of ships and offshore vessels, while investing and training ship recycling yards and their workers on Hong Kong Convention (HKC) compliant best practices. We also invest in multiple ways to upgrade the ship recycling industry in the Indian Subcontinent.
Our purpose is to excel in managing ship recycling risks and providing sustainable solutions to all stakeholders.With more than 30 years of experience and more than 4500 transactions, we ensure that Ship-owners and Capital providers can proactively manage Residual Values for their aging vessels.
With an in-house team of experts in trading, finance, legal, operations, technical, and worldwide presence, GMS provides one stop end-to-end solution to Owners of vintage assets.
Innovative solutions for responsible recycling
unparalleled Leadership
Transactions worldwide
Customers worldwide
Newsletter published
International Awards
Negotiate almost 4500 ships and offshore units for recycling.
And buy about 1100 AS IS WHERE IS vessels and achieve an unmatched towage experience, with more than 150 Trans-Atlantic, Trans-Pacific, and the Far East tow.
Develop a Sustainable Ship & Offshore Recycling Program (SSORP) together with an IACS Classification Society. Over the last 6 years, 70 IHMs have been conducted, and over 100 vessels were recycled with a zero-accident record under the GMS SSORP program, in compliance with the guidelines of the Hong Kong Convention.
Over the last 7 years, GMS has delivered in excess of 30% of the total lightweight that was recycled in the Indian subcontinent
Introduce
hot works guidelines for tankers bound
for recycling.
Expand its global footprint with 13 offices
in key shipping markets.
Launch the maritime industry's first mobile application for recycling.
Maintain a specialized database of all recycling facilities worldwide to uniquely align every client's CSR/ESG requirements with the most suitable yard.
These have been the core principals at the heart of 'GMS's daily operations for OVER 3 decades.
Buying old vessels and delivering them to the recycling facilities
Buying vessels on ‘As Is Where Is’ basis and sailing them to recycling yards, either under tow or own power
Taking the title of the vessel against full payment
Market Research guide owners on emerging opportunities and threats in the market place
Valuations forecasting future prices, demand / supply factors, market movements, and other relevant business-specific issues
Risk Management guide owners on regulatory risks, underwriting market, operational, performance, currency, demand / Supply, and various other risks associated with the industry
Ranked among top 100 global
companies in shipping by
Lloyd’s List for 14 years in a row
only entity ever in ship recycling
Finalist of
Maritime Standard for Corporate
Social Responsibility Award
Ranked among
50 Most Influential Leaders
in Tanker Shipping
and Trade for 2 years in a row
Finalist of
Lloyd's List Global Environmental
Award
The Recycling of Ship (April 2018)
Green HandBook (July 2018)
The Recycling of Ship- 2nd Edition (Oct 2019)
Publish the recycling industry's longest running weekly newsletter about 20 years ago,
with more than 1000 editions being published.
Create a core team of internationally leading experts - four doctorates and numerous captains, engineers, naval architects, and specialists to ensure unparalleled technical and commercial expertise during the entire ship recycling process.
GMS team members are the most sought-after speakers for maritime conferences.
They are regularly quoted in leading publications such as Llyod's List, TradeWinds, Bloomberg, The Wall Street Journal and many others.
Founder and Chairman of GMS has been recognized as "Lloyd's List of 100 Most Influential People in Shipping" for the last 14 years in a row; the only person from the ship recycling industry & only 1 of 7 people in the world to be privileged to receive such an honor.
GERMANY
GREECE
UAE
INDIA
SINGAPORE
CHINA
SOUTH KOREA
JAPAN
London
Brazil
Manila
INDIA
Bangladesh
Pakistan
Turkey
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