Inside the Markets: Japan Update - October 2025 | Recycling Trends and Hong Kong Convention Impact

Japan’s ship recycling market continues to demonstrate stability and foresight amid a softer global environment. In this episode of Inside the Markets from GMS Podcasts, Jamie Dalzell, Head of GMS Singapore Office , speaks with Amit Malhotra, Head of GMS Japan Office, about how Japanese shipowners are adapting to new compliance standards under the Hong Kong Convention and preparing for long-term sustainability.

With steel prices easing to the high USD 300s and limited recycling activity across the subcontinent, Japan remains focused on responsible recycling, IHM maintenance, and the gradual adoption of the GMS Sustainable Ship and Offshore Recycling Program (SSORP).

Key Highlights:

• Current market pricing and activity across Japan and South Asia

• Japanese owners’ disciplined approach to recycling and compliance

• The growing role of SSORP in IHM and sustainable ship management

• Outlook for steam turbine LNG carrier recycling in 2025–2026

• How GMS supports owners with structured and compliant recycling strategies

Japan’s calm and deliberate market strategy offers valuable insight into how long-term vision and technical integrity continue to guide responsible ship recycling.

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