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India Leads Global Ship Recycling with 35.4% Share, Achieves MIV 2030 Target Ahead of Schedule

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
22 Jun 2026
~2 min
Source: The Hindu
Key Data:35.4% global share2.99 million GT60% increase₹53.5 crore115 yards~9 million LDT
Bodies:UNCTADMoPSW
Practice MCQs from today's news ▸
What This Article Covers

1.India recycled 2.99 million GT of ships in 2025, a 60% increase from 2024, capturing 35.4% global share.

2.The achievement fulfills a Maritime India Vision (MIV) 2030 target ahead of schedule, driven by the Recycling of Ships Act, 2019 and Hong Kong Convention ratification.

3.Government provided ₹53.5 crore to modernize 115 yards, and plans to double Alang yard capacity to ~9 million LDT.

The Big Picture
Prelims · HighMains · Medium

India has become the world's leading ship recycling nation in 2025, capturing 35.4% of the global market and achieving a key target under the Maritime India Vision (MIV) 2030 well ahead of schedule. This milestone, driven by policy reforms and international compliance, positions India as a leader in sustainable ship recycling.

Exam Lens

Quick Exam Facts From News

Global Share35.4%
Ships Recycled (2025)2.99 million GT
Increase from 2024Nearly 60%
Financial Assistance₹53.5 crore
Yards Modernized115
Alang Capacity Target~9 million LDT

1-Minute Revision

  • ›Global Share: 35.4%
  • ›Ships Recycled (2025): 2.99 million GT
  • ›Target this Data: India's global ship recycling share is 35.4% (2025), with 2.99 million GT recycled.
  • ›Target this Nodal Body: Ministry of Ports, Shipping and Waterways (MoPSW).
  • ›Target this Legal Point: Recycling of Ships Act, 2019 (aligns with Hong Kong International Convention).

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry is primarily responsible for the ship recycling sector in India?

Q2Statement-basedHard

Consider the following statements:

1. India recycled 2.99 million gross tonnes (GT) of ships in 2025, a nearly 60% increase from 2024.

2. The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships was ratified by India in 2025.

3. The government provided ₹53.5 crore in financial assistance to modernize 115 ship recycling yards.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the UNCTAD report cited in the article, what was India's global share in ship recycling in 2025?

Q4Application/ImpactMedium

What is the primary objective of the Ship-breaking Credit Note Scheme mentioned in the article?

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