August 11, 2026 6:43 PM
India emerges as world’s top ship recycling nation as sector undergoes regulatory transformation
India has emerged as the world’s leading ship recycling nation, with its share of the global market rising from 30.1 per cent in 2024 to 35.4 per cent in 2025, marking a significant transformation of a sector that is increasingly aligned with international safety and environmental standards. According to the latest data cited by the government from the United Nations Conference on Trade and Development (UNCTAD), India recycled 2.99 million Gross Tonnes (GT) of ships in 2025, up from 1.86 mill...