GK and monthly revision

India leads world in ship recycling, captures 35.4% global share

India has significantly increased its global share in ship recycling, rising to 35.4% in 2025 from 30.1% in 2024, according to a report by the UNCTAD as stated by the Ministry of Ports, Shipping and Waterways. This achievement underscores India's leadership in the ship recycling industry, reflecting its growing maritime capabilities and economic potential. The increased share is vital for sustainable practices in ship disposal and highlights India's strategic importance in global maritime trade.