The world's largest cash buyer of ships for recycling is calling on the shipping industry to support the recycling businesses that are striving to improve their ship breaking facilities and practices in developing regions, and to not lambast those yards that are making progress. Dr Anil Sharma, President and CEO of GMS, the world’s largest cash buyer … [Read more...]
Alang Ship Recyclers’ Compliance Shows Not All Breakers Are Bad, Says Largest Cash Buyer
The world's largest cash buyer of ships for recycling says that this week's news that two ship recycling yards in Alang, India have received Hong Kong Convention status for the safe recycling ships shows that there are some responsible yards along Alang's infamous stretch of beach. The cash buyer, GMS, welcomed the news that the two yards, Kalthia and Priya Blue … [Read more...]
GMS Backs Danish Stance on Ship Beaching
GMS, the world's largest cash buyer of ships for recycling, has come out in support of the Danish Ship Association (DSA) which refuses to ban the practice of beaching following the recent announcement by their Norwegian counterparts. GMS says it supports DSA’s position that ship recycling choice shouldn’t be based just on geography. GMS said that a delegation … [Read more...]