GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over Iran.

The rare move allows Dubai-headquartered GMS to send four containerships for scrapping, potentially paving the way for more ...

Add Yahoo as a preferred source to see more of our stories on Google. FALL RIVER — Battleship Cove may boast the world’s largest collection of U.S. naval vessels, but that collection has gotten a ...

2020 has witnessed a significant number of cruise ships being sent to scrapyards as major cruise lines aim to cut costs. This ...

Cruise lines offloaded a record number of ships during the pandemic, but that trend seems to be over. After a record 18 vessels were sold to shipbreakers last year, not one has been sold for scrap ...

GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over Iran. The licences, issued in April, will allow four ...