
India becomes world’s leading ship recycling nation
India emerged as the world’s leading ship recycling nation in 2025, increasing its share of the global market to 35.4% in 2025, from 30.1% in 2024, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD). Ship recycling in India rose significantly to 2.99 million gross tons (GT) in 2025, up nearly 60% from 1.86 million GT in 2024.
Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, claimed, “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 standard. It reinforces India’s position as a global hub for responsible and sustainable ship recycling.”
According to the Baltic and International Maritime Council (BIMCO), more than 16,000 vessels are expected to be recycled globally over the next decade. With a current market share of 35.4%, India is well-positioned to recycle approximately 500 to 600 vessels annually while continuing to expand its ship recycling capacity.
India’s rise to the top position in global ship recycling is the result of a coordinated strategy focused on sustainability, regulatory reforms, infrastructure development and industry collaboration. With strong future demand, increasing compliance with international standards and continued government support, India appears well-positioned to strengthen its leadership in ship recycling, while advancing the objectives of the circular economy and sustainable maritime development.

























