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

📌 Summary:

• India became the world's leading ship-recycling nation in 2025, achieving a key Maritime India Vision (MIV) 2030 target well ahead of schedule, per a UNCTAD report cited by the Shipping Ministry on June 22, 2026
• The Ministry of Ports, Shipping and Waterways said India's share of global ship-recycling activity rose to 35.4% in 2025, up from 30.1% in 2024
• The milestone reinforces India's position in the maritime and circular-economy value chain (Alang in Gujarat is the world's largest ship-breaking yard)

🎯 UPSC Relevance: GS3 Economy/Infrastructure — maritime sector, ship recycling, circular economy and the Maritime India Vision 2030

📝 Prelims Facts:

• India's global ship-recycling share: 35.4% in 2025 (up from 30.1% in 2024) — the world's largest
• Source: UNCTAD report; target set under Maritime India Vision (MIV) 2030
• India is a party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships

🔑 Key Term: Maritime India Vision (MIV) 2030 — the government's ten-year blueprint for ports, shipping and the maritime sector, including ship recycling