India Leads World in Ship Recycling, Captures 35.4% Global Share
UNCTAD said India recycled 2.99 million gross tonnes in 2025, nearly 60% more than 2024, as policy reforms and yard upgrades lifted output.
- India became the world's leading ship recycling nation in 2025, capturing a 35.4% global market share and achieving its Maritime India Vision 2030 target ahead of schedule, according to a United Nations Conference on Trade and Development report.
- The government enacted the Ships Act, 2019 to align the sector with the Hong Kong International Convention, while providing ₹53.5 crore in financial assistance to modernize 115 facilities to international standards.
- India recycled 2.99 million gross tonnes of ships in 2025, marking a nearly 60% increase from 1.86 million gross tonnes in 2024, reinforcing its position as a global hub for sustainable recycling.
- Under the Ministry of Ports, Shipping and Waterways' Ship-breaking Credit Note Scheme, ship owners receive credit notes equivalent to 40% of a recycled vessel's scrap value, usable toward up to 5% of new Indian-built ships.
- The government aims to nearly double capacity at the Alang Ship Recycling Yard to about 9 million light displacement tons, as the Baltic and International Maritime Council expects over 16,000 vessels to be recycled globally next decade.
13 Articles
13 Articles
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).
India becomes world's largest ship recycling nation ahead of 2030 target
India has surged to become the world's leading ship recycler, surpassing its Maritime India Vision 2030 target. Ship recycling volume jumped significantly in 2025, boosting India's global share to over 35%. This achievement solidifies the nation's role as a key player in responsible and sustainable ship dismantling, with ambitious plans to further expand capacity at the Alang Ship Recycling Yard to meet growing global demand.
India Becomes World’s Largest Ship Recycling Nation Five Years Ahead Of 2030 Target
Image for representation purposes only India has become the world’s leading ship recycling nation after increasing its share of the global market 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), the Ministry of Ports, Shipping and Waterways (MoPSW) said on Monday. The achievement means India has reached its Maritime India Vision 2030 goal of becoming the world…
India recycles 35.4% of world’s ships, reaches 2030 goal five years early
New Delhi: India became the world’s largest ship recycling nation in 2025, handling 35.4 per cent of all ships recycled globally. The finding comes from data released by the United Nations Conference on Trade and Development, better known as UNCTAD. India recycled ships with a combined volume of 2.99 million gross tonnes during the year. That was nearly 60 per cent higher than the 1.86 million gross tonnes recorded in 2024. Its global share grew…
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