Inside the Markets: Japan – HKC readiness, IHM compliance, and ship recycling outlook
GMS Podcasts15 Aug 2025

Inside the Markets: Japan – HKC readiness, IHM compliance, and ship recycling outlook

In this episode of the Inside the Markets series from GMS Podcasts, we focus on Japan, a shipping market known for its steady approach, long-term relationships, and carefully planned fleet strategies.

Jamie Dalzell, Head of the GMS Singapore Office, speaks with Amit Malhotra, Head of the GMS Japan Office, about how Japanese shipowners are responding to the Hong Kong Convention (HKC), their plans for Inventory of Hazardous Materials (IHM) compliance, and the factors shaping future recycling volumes.

The discussion covers:

  • How HKC enforcement is influencing Japanese owners’ compliance timelines

  • IHM preparation requirements, costs, and service options

  • Yard availability and certification trends in the Indian subcontinent

  • Market conditions driving potential recycling candidates, including PCCs, wood chip carriers, and LNG vessels

  • How GMS structures flexible and value-driven deals for owners of vintage assets

From shifts in PCC trade patterns to upcoming newbuild deliveries, Amit shares insights on where the next wave of Japanese recycling may come from and how GMS is supporting owners through planning, compliance, and execution. Follow GMS Podcasts for updates from our teams in Japan, Korea, Greece, the Middle East, and other major shipping hubs.

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

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