Ship Recycling Insurance Explained: Why Insurance Matters in the Final Voyage (Part 1)

Welcome to Part 1 of the GMS Podcast series Ship Recycling Insurance Explained. In this episode, host Jamie Dalzell speaks with Paulina, Head of Insurance at GMS, about why insurance is a critical part of every ship’s final voyage to the recycling yard. Ship recycling carries unique navigational, environmental, and liability risks, and strong insurance protection is essential for safe and compliant operations. Paulina explains how insurance supports owners, crews, third parties, and the environment throughout the final voyage. The discussion covers how Marine Warranty Surveyors, P&I coverage, hull insurance, pollution safeguards, and contractual compliance come together to manage risk from departure to delivery. Topics in this episode include: • Key risks involved in the final voyage • Navigation risk assessments and the role of Marine Warranty Surveyors • Crew and third-party liability protection • Pollution exposure and environmental safeguards • Contractual compliance with international recycling standards • How reputable insurers strengthen responsible recycling at GMS • How ESG expectations are reshaping insurance requirements This episode sets the foundation for the series by explaining why insurance is central to safe, responsible, and transparent ship recycling. It offers clear insight into how GMS works with first-class insurers to protect every stakeholder involved in the process. Follow GMS on LinkedIn and subscribe for Part 2, where we explore how insurance helps manage market volatility, political risk, and global compliance pressures.