June 22, 2026 7:21 PM
India becomes world’s top ship recycling nation in 2025, achieves MIV 2030 target ahead of schedule
India has emerged as the world’s leading ship recycling nation in 2025, achieving a key target under the Maritime India Vision (MIV) 2030 five years ahead of schedule, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD). India’s share of global ship recycling rose to 35.4 per cent in 2025 from 30.1 per cent in 2024, while the volume of ship recycling increased by nearly 60 per cent to 2.99 million gross tons (GT) from 1.86 million GT a year earl...