South Asia Maintains Lead in Shipbreaking Industry Amid Safety Concerns

Despite facing safety concerns and tragic incidents, South Asia’s shipbreaking sector maintained its global leadership in vessel recycling in 2024. With Bangladesh, India, and Pakistan processing the majority of scrapped tonnage, the region continues to face challenges in moving towards sustainable practices while meeting the demand for ship recycling.

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India’s Maritime Shipping Bill to Transform Ship Recycling Industry

The Maritime Shipping Bill in India aims to elevate the country’s ship recycling industry, potentially surpassing Bangladesh. Reforms in the Merchant Shipping Bill seek to streamline vessel registration, attract investments, and improve operational clarity. With projected growth, India aims to secure a larger market share by enhancing infrastructure, implementing green facilities, and ensuring compliance.

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