India leads world in ship recycling, captures 35.4% global share
India has become the world's leading ship recycling nation, capturing 35.4% of the global market in 2025. This growth is attributed to government policy reforms, modernization of recycling yards, and adherence to international environmental standards.
Why it matters
The achievement highlights India's growing influence in the maritime sector and its successful integration of international safety and environmental regulations into industrial policy.
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 article reports on government-provided data and UNCTAD findings without significant editorializing or partisan framing.
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