Monday, 24 August 2026, 02:20:44 AM
BREAKING NEWS
DPA organized Kandla Green Hydrogen Conclave 2026 1st Deployment Of Japanese Fighter Jets To India Planned for ‘Veer Guardian 26’ Under New Maritime Pact Kandla Green Hydrogen Conclave 2026 Highlights India’s Green Maritime Ambitions Two Commercial Vessels Hijacked Off Yemen and Somalia, 22 Indian Seafarers Among Crew Cochin Shipyard Delivers ‘Mangrol’, Third ASW Shallow Water Craft to Indian Navy Hooghly Cochin Shipyard launches 5th Hybrid-Electric Catamaran for IWAI India looks to turn sweet corn volumes into export value German states demand tenfold increase in port funding Video Shows IRGC Boats Surrounding Indian-Crewed Ship, Firing RPG in Strait Of Hormuz Gujarat Maritime Board Showcases Gujarat’s Next-Generation Port and Shipbuilding Opportunities at Mumbai Stakeholder Meet DPA organized Kandla Green Hydrogen Conclave 2026 1st Deployment Of Japanese Fighter Jets To India Planned for ‘Veer Guardian 26’ Under New Maritime Pact Kandla Green Hydrogen Conclave 2026 Highlights India’s Green Maritime Ambitions Two Commercial Vessels Hijacked Off Yemen and Somalia, 22 Indian Seafarers Among Crew Cochin Shipyard Delivers ‘Mangrol’, Third ASW Shallow Water Craft to Indian Navy Hooghly Cochin Shipyard launches 5th Hybrid-Electric Catamaran for IWAI India looks to turn sweet corn volumes into export value German states demand tenfold increase in port funding Video Shows IRGC Boats Surrounding Indian-Crewed Ship, Firing RPG in Strait Of Hormuz Gujarat Maritime Board Showcases Gujarat’s Next-Generation Port and Shipbuilding Opportunities at Mumbai Stakeholder Meet
India Becomes World’s Largest Ship-Recycling Nation, Achieves MIV 2030 Target Early
India has emerged as the world’s leading ship-recycling nation, with its share of global ship recycling rising 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).

India Becomes World’s Largest Ship-Recycling Nation, Achieves MIV 2030 Target Early

Ship recycling volumes in India increased sharply to 2.99 million gross tonnes (GT) in 2025, marking a nearly 60% rise from 1.86 million GT recorded in 2024. The achievement enables the country to surpass a key target under the Maritime India Vision (MIV) 2030 well ahead of schedule, establishing India as the world’s top ship-recycling destination.     Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, said the milestone reflects the success of sustained policy reforms, industry participation and adherence to international environmental and safety standards.   “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 standards,” Sonowal said, adding that the achievement reinforces India’s position as a global hub for responsible and sustainable ship recycling.      According to the Ministry of Ports, Shipping and Waterways, India’s rise has been driven by a coordinated strategy focused on sustainability, regulatory reforms, infrastructure development and close collaboration with industry stakeholders.      The ministry noted that strong future demand, growing compliance with international standards and continued government support are expected to further strengthen India’s leadership in ship recycling, while advancing the goals of the circular economy and sustainable maritime development.

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