Subscribe to our daily newsletter

Receive the latest news in your inbox

Tankers to Return to Pakistani Yards from Next Month?

Pakistan’s Gadani yards could start receiving tankers, with more stringent requirements, from next ...

read more →

GMS Urges Tanker Owners to Go the Extra Mile

Tanker owners need to adapt to the stricter requirements for cleaning vessels for hot works prior recycling amid ...

read more →

Alang Yards Receive Ultimatum to Improve Facilities

India’s Gujarat Maritime Board (GMB) has issued an ultimatum to Alang yards that have yet to modernize and ...

read more →

GMS: Pakistan to Tighten Scrapping Rules for Tankers

Pakistani shipbreaking yards, which are currently closed for tankers following accidents on uncleaned FSU and LPG ...

read more →

Bangladeshi Scrapping Tax Revoked

The prohibitive taxes announced in Bangladesh’s recent budget will be reversed for the next two years, at the ...

read more →

GMS: Bangladeshi Scrapping Tax Likely to Be Postponed

The attempt to reverse the recently imposed 15% value-added tax (VAT) on ships being sent to Indian ship-recycling ...

read more →

Indian Scrapping Sector in Another Gloomy Week

Indian sub-continent shiprecycling destinations have seen another negative week of pricing following the release of ...

read more →

Uncertainty Looms over Pakistani Shipbreaking Yards

The decision to halt shipbreaking activities at Gadani yards in Pakistan has left many fearing for the fate of new ...

read more →

Ship Recycling Markets End 2016 on Stable Note

The international ship recycling markets have witnessed another roller coaster week and year, however, the industry ...

read more →

GMS: Vale's VLOC Demolition Sale Fails

Brazilian mining giant Vale’s recent sale of a very large ore carrier (VLOC) for demolition has reportedly ...

read more →

Interview: More Boxships Set to Join Scrap Markets in 4Q

As the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied ...

read more →

South Asian Demolition Bounces Back with Rise in Prices

South Asian ship recycling market has experienced increased activity on the sales front last week, which was ...

read more →

GMS Urges Support on Sustainable Recycling in SE Asia

The President and CEO Anil Sharma of GMS, a cash buyer of ships for recycling, has called on owners and brokers to ...

read more →

Gulf Marine Services Moving Operations to Zayed Port

UAE-based port operator Abu Dhabi Ports has signed a contract with offshore contractor Gulf Marine Services ...

read more →

GMS Challenges EU Ship Beaching Proposal

GMS Challenges EU Ship Beaching Proposal

Cash buyer of ships for recycling Global Marketing Systems, Inc (GMS) has challenged the European Commission’s ...

read more →

GMS Reveals New-Build Programme

Gulf Marine Services (GMS) has announced a strategic new-build programme that includes a further E-Class vessel ...

read more →

ADIB to Finance GMS’ New Vessels (UAE)

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has closed a AED 1.32 billion ...

read more →

GMS Secures New Contracts in Middle East and Europe

Abu Dhabi-based Gulf Marine Services (GMS) has won three new contracts worth around $46 million for transformer ...

read more →

GMS Jack-Up Barge Keloa Joins ADMA OPCO’s Fleet (UAE)

The Abu Dhabi Marine Operating Company (ADMA-OPCO) has signed a three-year contract, with an extension option for a ...

read more →

Saudi Aramco Charters Third GMS’ Self Elevating ...

Saudi Aramco Charters Third GMS' Self Elevating Jack-Up Barge

GMS Saudi Arabia’s self elevating and self propelled jack up barge Kudeta has been chartered to Saudi Aramco ...

read more →

UK: GMS Endeavour Installs First Turbine at Sheringham ...

The self propelled, self elevating jack up barge the GMS Endeavour successfully completed the first turbine ...

read more →