Inside the Markets: Korea - LNG recycling, HKC compliance and Secondhand trends

In this first episode of the Inside the Markets series from GMS Podcasts, we focus on South Korea, one of Asia’s most data-driven shipping markets. Gyungbae Gil, Head of the GMS Korea Office, shares insights on how Korean shipowners are approaching recycling and acquisitions in today’s firm freight market.

The discussion covers the increasing number of older Korean-owned LNG carriers being sent for recycling, the country’s readiness for Hong Kong Convention compliance, and shifts in secondhand trading patterns. Listeners will gain a clear view of how local market dynamics connect to global ship recycling and sale & purchase activity.

Key points discussed in this episode include:

• Recycling trends in Korea’s LNG sector

• HKC compliance readiness and yard options

• Secondhand market activity and pricing outlook

This episode offers local insight with global market relevance, helping industry players navigate recycling, compliance, and asset sales in one of the world’s key maritime hubs.

This episode offers local insight that supports strategic planning for recycling, fleet renewal, and compliance in one of the world’s key maritime hubs.

Follow GMS Podcasts to hear more from our country heads in Japan, Greece, the Middle East, and other major shipping markets.

Subscribe to the GMS Podcast and follow GMS on LinkedIn for future updates and discussions.