ShippingWatch

Scrap buyer threatens critical media with legal action

GMS, procurer of ships for recycling, targets media that the company says have published untruths about its scrap vessel trading. GMS doesn’t name these media, however.

Scrapping of vessel at beaching yard in Alang, India. | Photo: DNV GL / Kommissionens inspektionsrapport

The world’s largest procurer of ships ripe for scrapping, GMS, goes on the offensive following ”recent media discourse alleging participation in illegal exporting” of ships to scrapping yards in Asia, the company writes in a statement.

GMS buys and sells vessels for demolition at beaching yards in countries including Bangladesh and India, and both scrap buyers and shipbreaking yards have been drawing attention to their conduct regarding safety regulations in scrapping.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs