Global vessel cash buyers for recycling

Who we are

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.

30+ Year of
experience

4500+ Transactions

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.

Trusted by Largest Ship Owners

Innovative solutions for responsible recycling

30+ years

unparalleled Leadership

4500+

Transactions worldwide

400+

Customers worldwide

1100+

Newsletter published

37+

International Awards

First and only Buyer in the world to:

Negotiate almost 4500 ships and offshore units for recycling.

4500+ ships and offshore units

1100+ AS IS WHERE IS vessels

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.

30%

in the Indian subcontinent Ships and offshore units for recycling

Over the last 7 years, GMS has delivered in excess of 30% of the total lightweight that was recycled in the Indian subcontinent

Why Us?

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.

TRUST. INTEGRITY. PERFORMANCE.

These have been the core principals at the heart of 'GMS's daily operations for OVER 3 decades.

Our expertise includes

Sale and Purchase

Buying old vessels and delivering them to the recycling facilities

Operations

Buying vessels on ‘As Is Where Is’ basis and sailing them to recycling yards, either under tow or own power

Financing

Taking the title of the vessel against full payment

Market Research

Market Research guide owners on emerging opportunities and threats in the market place

Valuations

Valuations forecasting future prices, demand / supply factors, market movements, and other relevant business-specific issues

Risk Management

Risk Management guide owners on regulatory risks, underwriting market, operational, performance, currency, demand / Supply, and various other risks associated with the industry

Accolades

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

Corporate Social Responsibility Award | Maritime Standard Awards 2021 | Finalist
The Maritime Standard Corporate Social Responsibility Award celebrates companies that have shown a particularly strong commitment to CSR, community welfare and have shown creativity and innovation in the use of CSR initiatives.
Sustainability Award | Seatrade Maritime Awards 2021 | Finalist
Seatrade Maritime Sustainability recognises companies that have introduced a new product, procedure or measures which will significantly improve the shipping industry’s progress towards its environmental goals.
Seatrade Green Shipping Award
GMS was a finalist in the Seatrade Green Shipping Award 2019 - the very best of the Middle East, Indian Subcontinent and Africa's maritime industry.
Seatrade Maritime Green Shipping Award
Seatrade Green Shipping Award: Winner 2018. This award recognizes the outstanding company which has shown commitment to sustainability through environmentally focused strategies, planning and implementation.

Tanker Shipping and Trade Industry Leaders
GMS was nominated in the 50 Most Influential Leaders in Tanker Shipping and Trade: 2018 & 2019
Lloyd's List Top 100
GMS has been nominated by Lloyd's List Top 100 most influential people in shipping for the last 14 years - 2010 - 2023
Maritime Standard Green Shipping Award
In 2018 & 2019, GMS was a finalist for the Maritime Standard Green Shipping Award - an award that is presented to a company, which has led the way in environmentally responsible shipping, with a new product, project or initiative that has significantly improved the protection of the environment.
Lloyd's List Global Environmental Award
GMS was nominated as a Finalist for Lloyd's List prestigious Global Environmental Awards 2018

Publish 3 books on the Recycling of ships

The Recycling of Ship (April 2018)

Green HandBook (July 2018)

The Recycling of Ship- 2nd Edition (Oct 2019)

1000+editions published

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.

Dr. Anil Sharma,

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.