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India Surges to Global Leadership in Ship Recycling with 35% Market Share

India Surges to Global Leadership in Ship Recycling with 35% Market Share

India’s ship recycling sector expanded to 2.99 million gross tonnes (GT) in 2025, nearly 60 per cent higher than 1.86 million GT in 2024, achieving the Maritime India Vision 2030 target of global leadership well ahead of schedule. India has emerged as the world’s leading ship recycling nation in 2025, ranking first globally, according to...