Between 70% and 95% of a vessel's weight can be recovered as recycled steel. Yet despite its potential contribution to ...

India and the European Union have reaffirmed their commitment to strengthening cooperation in sustainable ship recycling, ...

India's shares in the ship recycling industry rose from 30.1% in 2024 to 35.4% in 2025, which indicates that more and more ...

BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of ships. The alliance will co-ordinate the voices of the ship recycling industry and the ...

The recycling process is also becoming more sophisticated, safer, and cleaner. In Europe, the Ship Recycling Regulation ensures that vessels flagged under EU countries are dismantled in facilities ...

India has emerged as the world's leading ship recycling nation in 2025, achieving a significant milestone in its maritime sector and surpassing its Maritime India Vision (MIV) 2030 target five years ...

Turkey, one of the five major ship recycling countries in the world, has become the seventh nation to ratify the International Convention for the Safe and Environmentally Sound Recycling of Ships.

AI Quick Read India emerged as the global leader in ship recycling in 2025, growing its market share to 35.4% from 30.1% in 2024, according to a United Nations Conference on Trade and Development ...

In its Week 3 market report, cash buyer GMS says that even as vessel prices have improved from the lows seen towards the end of 2023 and plate prices made a massive jump in Bangladesh over the last ...

India became the world’s leading ship recycling nation in 2025, achieving a key target under the Maritime India Vision (MIV) 2030 well ahead of schedule, according to a United Nations Conference on ...

India’s ship recycling industry is seeing growth one year since the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) came into force. The Indian ...