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

Published 22 June 2026 · india

India became the world’s leading ship recycling nation in 2025, achieving a key target under the Maritime India Vision (MIV) 2030 well ahead of schedule

India became the world’s leading ship recycling nation in 2025, achieving a key target under the Maritime India Vision (MIV) 2030 well ahead of schedule, according to a United Nations Conference on Trade and Development (UNCTAD) report cited by the Shipping Ministry on Monday (June 22, 2026). The Ministry of Ports, Shipping and Waterways (MoPSW) 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. The country recycled 2.99 million gross tonnes (GT) of ships in the year, marking a nearly 60% increase from 1.86 million GT in 2024.

The achievement reflects the impact of a series of maritime policy reforms and ease-of-doing-business initiatives undertaken by the government to strengthen the sector, it said. Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said India’s emergence as the world’s top ship recycling nation demonstrates the success of sustained policy reforms, industry participation, and adherence to international environmental and safety standards. “India’s emergence as the world’s top ship recycling nation reflects the success of sustained policy reforms, industry efforts and adherence to international environmental and safety standards under the visionary leadership of Prime Minister Narendra Modi,” Sonowal said.

The MoPSW has introduced several measures to strengthen India’s ship recycling ecosystem. These include the implementation of the Recycling of Ships Act, 2019, which aligns the sector with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships. India ratified the convention in 2019. The government has also provided ₹53.5 crore in financial assistance to modernise ship recycling yards, enabling 115 facilities to become compliant with international standards. In addition, the Ship-breaking Credit Note Scheme offers incentives to ship owners by allowing them to use credits earned from recycling vessels towards the purchase of new ships built in Indian shipyards.

India is also pursuing the inclusion of its recycling facilities in the European Union’s approved list of ship recycling yards. Meanwhile, plans are afoot to nearly double the capacity of the Alang ship recycling yard to about 9 million light displacement tonnes (LDT), further strengthening the country’s position in the global market. With more than 16,000 vessels expected to be recycled worldwide over the next decade, India is well placed to consolidate its leadership in sustainable and environmentally responsible ship recycling.