Global ship recycling markets remained disciplined in Week 9 of 2026 as pricing momentum softened across the subcontinent despite the absence of excessive vessel supply. Steel weakness and currency volatility continued to shape buyer sentiment, with recyclers prioritizing margin

In ship recycling, trust is built on operational excellence. An “as is where is” deal transfers full operational and technical responsibility. At GMS, our integrated execution model ensures that every stage, from takeover to final recycling, is handled with preparation,

As part of our ongoing commitment to responsible ship recycling, our Sustainable Ship and Offshore Recycling Program (SSORP) team recently conducted a series of free safety awareness sessions at selected yards in Alang, India. These sessions focused on reinforcing safe practices

Global ship recycling markets strengthened in Week 8 as supply returned across the subcontinent, with approximately 151,000 LDT delivered or arrived across India, Bangladesh, and Pakistan. The Baltic Dry Index rose 1.2%, while oil prices climbed above USD 66 before easing back

The shadow fleet is a growing risk to maritime safety, the environment, insurance markets, and global trade. At GMS, we believe compliant acquisition and responsible recycling can permanently remove high risk tonnage from circulation and strengthen market integrity. We

Global ship recycling markets moved into a more balanced phase this week, though underlying volatility remains. Freight indicators softened slightly, with the Baltic Dry Index easing by 0.6% as Capesize rates led the decline. Oil prices steadied near USD 62.8 per barrel, with

The report points out that this growth also reflected marked changes in the composition of global dark fleets—as well as in the nature of shadow fleet operations. (maritime news, alang gujarat dark fleet shadow fleet, sanctioned vessels recycling) Read👇 https://t.co/BUYe22dp26

Bloomberg News has published an article examining the recent increase in sanctioned tanker arrivals at India’s Alang recycling hub and the broader shifts taking place in the dark fleet trade. The article includes commentary from Dr. Anil Sharma, Founder and CEO of GMS, on market

Behavior-Based Safety is about daily decisions on the yard floor. Our January 2026 Green Briefing highlights measurable improvements in PPE discipline, supervisor intervention, peer-to-peer correction, and yard practices across India, Bangladesh, and Pakistan. Read the full

GMS recently hosted students and faculty from K J Somaiya Institute of Management for an immersive session on the global ship recycling industry. The discussion covered the commercial lifecycle of vessels, responsible recycling practices, the role of Indian recycling yards,

As February continues, global ship recycling markets experienced another shift this week, driven largely by a broad weakening of the U.S. dollar across most recycling destinations, supporting buyer sentiment across the sub-continent. The Baltic Dry Index declined slightly,

Ship recycling is undergoing a fundamental transition, shaped by regulation, industrial capacity, and rising sustainability expectations across global shipping. In the February 2026 edition of Marine Engineers Review by The Institute of Marine Engineers (India), Dr. Anand

Ship recycling is often discussed in commercial terms. In practice, success depends on what happens after the contract is signed. Captain Yogesh Rehani, Head of Operations at GMS, writes about the realities of taking over ageing, damaged, or idle vessels and delivering them

As January comes to a close, global ship recycling markets are preparing for a challenging start to February as currency volatility, firm oil prices, and shifting fundamentals continue to influence buyer behavior across all major destinations. With oil futures moving above USD

We are pleased to see GMS featured in @Reuters for our ongoing discussions around acquiring vessels linked to Venezuela that were seized by U.S. authorities. The coverage highlights the complexities of global ship recycling and the importance of compliant, transparent solutions

As 2026 unfolds, ship recycling markets remain volatile as currency pressure, uneven steel fundamentals, and limited vessel supply continue to shape buyer behavior. With oil moving above USD 60 per barrel and the U.S. Dollar staying firm, recycling levels remain closely centered

We appreciate the @WSJ's in depth coverage of the broader issue facing global shipping today. As highlighted in the article, a growing number of sanctioned and aging vessels continue to operate outside accepted international frameworks. Many of these ships are technically

Ship recycling is the final stage of a vessel’s commercial life, but the responsibility does not end there. In this article, Paulina Lazaridou, our Insurance and Claims Manager, shares a clear and practical perspective on the role insurance plays in ensuring the final voyage is

Ship recycling entered 2025 facing growing pressure from tightening regulations, limited compliant yard capacity, and an increasing focus on credibility across the industry. As the year unfolded, these structural challenges continued to influence pricing behaviour, tonnage flow,

As 2026 continues to unfold, ship recycling markets remain under pressure as geopolitical uncertainty, currency volatility, and uneven steel prices continue to shape buyer sentiment across key destinations. Freight markets showed brief stabilization, but a strong U.S. Dollar and