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Containers Sanctions Ship Recycling

Shadow tankers and sanctioned boxships boost recycling volumes as India maintains lead

  • Global ship recycling slowed in the first half of 2026 with 156 vessels of a combined 3.6m gt recycled — nearly a 20% decline compared with the 2H25
  • India remains the leading recycling destination with about 40% of global recycling volumes handled at Alang in 1H26
  • Several Ofac-sanctioned tankers and two sanctioned containerships were recycled in India

  • Analysis

India’s ship recycling industry has received a regulatory boost after the European Commission proposed adding two Indian yards to the EU List of Ship Recycling Facilities, a move welcomed by European shipowners and industry bodies

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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