India Becomes World’s Top Ship Recycling Nation in 2025:
According to the latest report by the United Nations Conference on Trade and Development (UNCTAD), India emerged as the world’s leading ship recycling nation in 2025, capturing a top-ranking 35.4% global market share.It is a major maritime milestone driven by policy reforms and ease-of-doing-business initiatives that transitioned India into a global hub for responsible, sustainable, and high-volume ship breaking and recycling.India recycled 99 million gross tons (GT) of shipping volume in 2025, marking a sharp 60% surge from the 1.86 million GT recorded in 2024.The country’s global market share jumped from 30.1% in 2024 to 4% in 2025, outperforming all international competitors. Financial backing successfully helped 115 domestic facilities achieve strict, eco-friendly HKC compliance.
