New Delhi, June 22 -- India emerged as the global leader in ship recycling in 2025, growing its market share to 35.4% from 30.1% in 2024, according to a United Nations Conference on Trade and Development (UNCTAD) report cited by the shipping ministry. The country processed 2.99 million gross tons (GT) during the year, marking a nearly 60% increase from 1.86 million GT in 2024.

With this, the ministry said, India has achieved its Maritime India Vision (MIV) 2030 goal of becoming the top global ship recycling nation well ahead of schedule. The achievement reflects the impact of maritime policy reforms and the government's ease-of-doing-business initiatives, it added.

"India's emergence as the world's top ship recycling nation reflects the...