Pankaj Khanna, CEO of Heidmar Shipping, speaks about how the company is preparing for the future of maritime. Pankaj shares his insights on the challenges the industry faces and what Heidmar is doing to address them.

Three ship recycling experts offer a frank assessment of working practices in Alang, the pace of progress and the scale of the challenge ahead. Guests: Dr. Anand Hiremath, Chief Sustainability Officer, GMS Vishaal Raj Soni, CEO, Leela Group Ship Recycling Yards Vikram Purohit, Marine Surveyor & Senior Ship-recycling Specialist at Lloyd's Register

Jamie Dalzell talks about the introduction last week of a USD 5 million limit on Letters of Credit (LCs) in Bangladesh. He considers the impact the financial restriction will have on recyclers in Chattogram and the wider impact on shipowners looking to sell higher LDT vessels. He addresses the market situation in India and the effect of steep price volatility on end buyer mood and willingness to purchase new tonnage.

Amit Malhotra shares his views on the state of the recycling market with an analysis of why prices are levelling off around US 600/LDT, down from the earlier peak of USD 700/LDT. He provides insight into the reasons for and future direction of Subcon currency volatility and explains how owners in Japan are extending the trading lives of their elderly vessels to take advantage of the positive freight market environment.

As the debate over fuel transition heats up, we speak to veteran ship finance lawyer Harry Theochari about financing shipping’s journey towards net zero.

With Bangladesh more or less closed for business and Pakistan effectively out of the market following a dire performance on contracts, it is perhaps fortunate that shipowners are choosing to hang onto their old ships for further trading, even if it means expensive drydocking and special surveys. GMS senior trader for GMS in Singapore explains what is happening, likens the recent scrap price movements to cryptocurrency volatility and offers a view on what it will take to get the market back on track.

Following a period of around 18 months of relative stability, the market hit a month of severe turbulence. Are the bumps evening out now, or should seatbelts remain tightly fastened? GMS senior trader for GMS in Singapore explains what’s happening and shares his thoughts on how the market will develop.

A comprehensive post-Posidonia round-up of the demo market explaining recent falls sustained across all subcontinent recycling markets, reasons for the price corrections and outlook for the coming weeks and months. 

Senior GMS Trader Simos Dimitriou reveals how the ongoing sub-continent collapse in prices fully materialized this week during a frank conversation with Jon Chaplin on the GMS Podcast.  He talks about the havoc being caused by a handful of Pakistan recyclers refusing to play ball and urges owners with fresh tonnage for the demo market to sit back and wait for the dust to settle before committing to any new deals.

A first-hand account of recycling market movements from GMS Singapore Trader Chenjie Zhu. We talk about another challenging trading week for the ship recycling markets, the impact of a widening price expectation gap between owner and recyclers, and the long-term implications for some Pakistan yards stemming from a decision to walk away from buying commitments.

Subcontinent markets have taken a turn for the worse this week as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh and Turkey have led to weaker sentiment and virtually no new offers on any available tonnage.  Are the fundamentals changing or will normal record-high service be resumed when Bangladeshi breakers are back from their break?  

Download this lively conversation about use of AI data to help avoid sanction headaches, counterparty due diligence, establishing an appropriate level of evidence, ESG (moral sanctions – self-regulation) and the role of human intuition and experience in interpreting data.

We speak to GMS Trader Kiran Thorat on what is driving prices up in India, what to expect from Bangladesh between now and Monsoon and what happened to the US$700/ton being discussed in recent weeks.

Container market analyst Peter Sand on what’s driving the box ship market, the impact of China’s Shanghai lockdown, how shippers are now adapting to a sustained period of inflated freight rates, and how owners weigh up the options to recycle vs further trading.

GMS’ weekly round-up of the ship recycling markets in India, Pakistan, Bangladesh, and Turkey. 10 minutes or less of the key talking points covering demo prices, trends, and notable vessel disposals. This week Jon Chaplin talks to GMS Trader Kamal Datta about the “plummet from the summit” in Bangladesh, the Indian recycling roller coaster, a resurgent Pakistan and the impact of the Russia / Ukraine conflict on oil and steel prices.

Leading shipping barrister James M. Turner talks to Jon Chaplin about the legal challenges associated with recycling large vessels, the laws governing recycling and what shipowners can do to protect themselves from prosecution.

This week, Jon Chaplin talks to GMS Senior Trader Vagelis Chatzigiannis about the challenges of scrap price volatility, market corrections, a return to confidence in Alang, and the reasons for prices edging towards an eye-watering USD 500/LDT in Turkey.

GMS’ weekly round-up of the ship recycling markets in India, Pakistan, Bangladesh and Turkey. 10 minutes or less of the key talking points covering demo prices, trends and notable vessel disposals. This week Jon Chaplin talks to GMS Trader Faidon Panagiotopoulos about record prices, end buyer hesitancy, market corrections, why more ships are not coming to the market, and much more.

Leading maritime lawyers discuss the challenges for shipping posed by an “unprecedented” range of sanctions against Russia. What do sanctions mean for chartering contracts, sale and purchase, KYC and staying on the right side of OFAC.

GMS’ weekly round-up of the ship recycling markets in India, Pakistan, Bangladesh, and Turkey. 10 minutes or less of the key talking points covering ship demo prices, trends, and notable vessel disposals. This week Jon Chaplin talks to GMS Trader Jamie Dalzell.