India becomes world’s top ship recycling nation in 2025 with 35.4% share: UNCTAD
Key facts
- India ranked first in global ship recycling in 2025, as per UNCTAD's latest report.
- India's share rose to 35.4% in 2025, up from 30.1% in 2024.
- Ship recycling in India rose about 60%, to 2.99 million gross tons.
- This meets the Maritime India Vision 2030 target well ahead of schedule.
Why it matters
[First Largest] India passed every other country in ship recycling. It follows the Hong Kong Convention, which India ratified in 2019. Its yards were upgraded to meet that convention's safety and green rules.