Tuesday, 04 August 2026, 01:51:01 AM
BREAKING NEWS
Adani Ports Mundra Sets New National Record by Handling 21,085 TEUs on Single Vessel New Trump-Class Battleship to Be Powered By Nuclear Energy, U.S Navy Says Addverb Targets Global Top Five Robotics Position in 10 Years, Bets Big on Humanoids and Physical AI U Subba Rao Takes Over Leadership of Southern Railway DFCCIL Records Highest-Ever Monthly Freight Performance with 19,371 Million GTKMs in July 2026 BMIP Debuts P&I Cover with SCI Tug and Two Barges Cabinet Approves Revised Captive Port Policy to Boost Port-Linked Industrial Growth MoPSW ‘closely monitoring’ six Indian vessels, 166 seafarers to ensure their well-being near Hormuz: MEA Maruti Suzuki India overall sales climb 34% to 2,41,421 units in July Ajit Kumar Panda Assumes Charge as CMD of CONCOR Adani Ports Mundra Sets New National Record by Handling 21,085 TEUs on Single Vessel New Trump-Class Battleship to Be Powered By Nuclear Energy, U.S Navy Says Addverb Targets Global Top Five Robotics Position in 10 Years, Bets Big on Humanoids and Physical AI U Subba Rao Takes Over Leadership of Southern Railway DFCCIL Records Highest-Ever Monthly Freight Performance with 19,371 Million GTKMs in July 2026 BMIP Debuts P&I Cover with SCI Tug and Two Barges Cabinet Approves Revised Captive Port Policy to Boost Port-Linked Industrial Growth MoPSW ‘closely monitoring’ six Indian vessels, 166 seafarers to ensure their well-being near Hormuz: MEA Maruti Suzuki India overall sales climb 34% to 2,41,421 units in July Ajit Kumar Panda Assumes Charge as CMD of CONCOR
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.

Search Sagar Sandesh