GMS Leadership

Steel recovered through responsible ship recycling at Alang continues to create value long after a vessel’s journey ends.

By reusing steel for infrastructure, ship recycling supports resource efficiency, reduces the need for fresh extraction, and strengthens the circular economy.

India’s growing role in green ship recycling is not only an industry development; it is a strategic maritime opportunity.

Recent coverage in The Hindu highlights India’s ambition to build on its position as a global leader in ship recycling and attract a larger share of responsible international tonnage.

GMS welcomes this direction.

For decades, GMS has worked at the center of the global ship recycling market, connecting shipowners, regulators, insurers, financiers, and recycling yards through compliant and commercially workable recycling solutions. As the world’s largest cash buyer of ships and offshore assets for recycling, we understand that the future of this industry will be shaped not only by price and capacity but also by trust, documentation, legal clarity, sanctions compliance, and environmental performance.

India is strongly positioned for this next phase.

With compliant capacity at Alang, growing policy support, and increasing global recognition, India has the foundation to become the preferred destination for responsible ship recycling. The opportunity now is to ensure that international shipowners can confidently direct end-of-life tonnage to Indian yards through approved, transparent, and compliant channels.

GMS is ready to support that momentum.

Our experience includes some of the industry’s most complex recycling projects, including OFAC-approved, sanctions-sensitive cases that required close coordination across legal, regulatory, and government processes. That experience gives us a practical understanding of how sensitive vessels can be moved into approved recycling pathways without compromising compliance.

As India scales its green recycling ambition, GMS is committed to helping bring responsible global tonnage to compliant Indian yards and to supporting India’s leadership in safe, sustainable, and internationally trusted ship recycling.

Read more: https://www.thehindubusinessline.com/economy/logistics/india-eyes-bigger-role-in-green-ship-recycling-after-becoming-global-leader/article71177968.ece

India eyes bigger role in green ship recycling after becoming global leader India's ship recycling industry is set to become a global hub for sustainable practices, with a 60% increase in recycling volumes.