India Emerges as the World’s Leading Ship Recycling Nation

According to a UNCTAD report cited by the Ministry of Ports, Shipping and Waterways (MoPSW), India became the world’s largest ship recycling nation in 2025, achieving a key target under Maritime India Vision (MIV) 2030 five years ahead of schedule.

India’s Performance in Ship Recycling

Rising Global Share

  • India’s share of global ship recycling increased from 30.1% in 2024 to 35.4% in 2025.
  • Ship recycling volume rose from 1.86 million gross tonnes (GT) in 2024 to 2.99 million GT in 2025, registering nearly 60% growth.

Early Achievement of MIV 2030 Target

  • India attained the goal of becoming the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Economy Watch