India is the world’s leading destination for ship recycling in 2025, according to data cited from a UNCTAD report. India’s share of global ship recycling rises to 35.4% in 2025, up from 30.1% in 2024, the Ministry of Ports, Shipping and Waterways says. The reporting also attributes the change to an increase in the volume of ship recycling activity in India. Business Line and an ANI report both cite UNCTAD figures showing India’s ship recycling volume increases to 2.99 million gross tonnes (GT) in 2025, compared with 1.86 million GT in 2024—an increase of nearly 60%. The outlets describe India as ranking first globally for ship recycling in 2025. Overall, the sources converge on the same UNCTAD-referenced figures: India’s higher global market share and a substantial year-on-year rise in recycled tonnage.