GMS spearheads sustainable ship recycling agenda at Brussels forum

The forum, set against the backdrop of evolving regulations and pragmatic challenges, aims to address the pressing issues facing the ship recycling sector.

From legal loopholes enabling irregular recycling to the strategic significance of steel scrap classification, industry stakeholders gather to chart a course towards responsible practices.

GMS senior trader Vagelis Chatzigiannis underscores the multifaceted nature of challenges in ship recycling today. "The evolving regulatory regime and the continued developments in the infrastructure of ship recycling facilities are paramount importance," said Mr Chatzigiannis.

In navigating these challenges, Mr Chatzigiannis stresses the importance of stakeholder co-operation and regulatory efficacy. "The continuous co-operation of stakeholders in the industry is imperative," asserts Mr Chatzigiannis. He underscores the need for clear regulatory frameworks and expert guidance to ensure a safe and environmentally sound ship recycling industry.

GMS’s participation in the forum underscores its unwavering commitment to excellence in managing ship recycling risks and providing sustainable solutions to all stakeholders. With over 30 years of experience and more than 4,500 transactions, GMS stands at the forefront of shaping the future of ship recycling.

As industry leaders converge in Brussels for the Responsible Ship Recycling Forum 2024, GMS sets the stage for meaningful dialogue and actionable insights.