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 ....
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