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Ship Recycling Credit Scheme Unveiled as India Strengthens Maritime Ecosystem - India Seatrade News
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Ship Recycling Credit Scheme Unveiled as India Strengthens Maritime Ecosystem - India Seatrade News
Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, announced the launch of the Ship Recycling Credit Scheme, a key component of the Government’s ₹70,000-crore maritime development package unveiled in 2025. The scheme aims to boost sustainable ship recycling and domestic shipbuilding by incentivising vessel owners to recycle ships at environmentally compliant facilities in India. Under the scheme, ship owners who recycle their …
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