India Becomes World’s Top Ship Recycling Nation in 2025
News:
- India has emerged as the world’s leading ship recycling nation in 2025, ranking first globally.
- India’s share of global ship recycling increased to 35.4% in 2025 from 30.1% in 2024.
- With this achievement, the target set under Maritime India Vision (MIV) 2030 to become the world’s leading ship recycling nation has been achieved well ahead of schedule.
- The Government of India enacted the Recycling of Ships Act, 2019, to develop a ship recycling ecosystem aligned with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), which India ratified in 2019.
- The Hong Kong International Convention is a globally binding framework of the International Maritime Organization (IMO) to ensure that ships, when recycled after reaching the end of their operational life, do not pose unnecessary risks to human health, safety or the environment.
- Adopted in Hong Kong, China, in 2009, the Convention entered into force in 2025.