Author's Summary
GMS chief Sharma anticipates a rebound in ship recycling after four lean years, driven by mounting market pressures sending more older vessels to scrap yards, while GMS ramps up efforts amid intensifying conditions. (152 characters)
Key Forecast
Ship recyclers have endured a challenging four-year period with limited activity.
Sharma predicts that increasing market pressures will soon direct more vintage ships toward scrap yards.
After a fallow four years for ship recyclers Sharma believes more vintage ships will be making their way to scrap yards.
Company Update
GMS has ramped up its operations in response to the evolving situation.
The firm is focusing on heightened engagement as pressures build in the sector.
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