India Leads World in Ship Recycling, Captures 35.4% Global Share

India leads world in ship recycling, captures 35.4% global share

The Ministry of Ports, Shipping and Waterways said that according to the latest report by the UNCTAD, India increased its share of global ship recycling activity to 35.4% in 2025 from 30.1% in 2024

India Becomes World’s Top Ship Recycling Nation in 2025, Achieves Vision 2030 Target Five Years Ahead of Schedule

The country’s global market share surged to 35.4% in 2025 as volumes grew nearly 60%, driven by infrastructure modernizations and policy incentives.

India Becomes World’s Top Ship Recycling Nation in 2025

India has emerged as the world’s leading ship recycling nation in 2025, ranking first globally. India’s share of global ship recycling increased to 35.4% in 2025 from 30.1% in 2024, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD). Ship recycling in India rose significantly to 2.99 million gross tons (GT) in 2025, up nearly 60% from 1.86 million GT in 2024. With this achievement, the target set un…