India leads world in ship recycling, captures 35.4% global share (opens original article in a new tab)

India became the world's leading ship recycling nation in 2025, capturing 35.4% of the global market with a 60% increase in recycled ship volume compared to 2024, driven by maritime policy reforms and infrastructure development.

• India achieved 35.4% global share in ship recycling in 2025
• Ship recycling volume increased to 2.99 million GT, up 60% from 2024
• India's maritime policies and reforms contributed to its leadership in ship recycling
• India aims to expand Alang ship recycling yard capacity to 9 million LDT