Port Performance Index and Ship Recycling Credit portal launched
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On 29 May 2026, at JNPA’s 37th Foundation Day in Mumbai, the Shipping Ministry launched the Logistics Port Performance Index (LPPI) for FY 2024-25 and a Unified Ship Recycling Credit portal. Owners recycling at Hong Kong Convention-compliant Indian yards can get a credit note equal to 40% of scrap value for new shipbuilding in India.
- Event
- 29 May 2026, JNPA 37th Foundation Day, Mumbai
- Index
- Logistics Port Performance Index (LPPI) for FY 2024-25
- Recycling credit
- 40% of vessel scrap value; Hong Kong Convention-compliant Indian yards
- Package link
- part of ₹70,000 crore maritime development package (2025)
- JNPA FY 2025-26
- over 8 million TEUs; more than 102 million metric tonnes cargo
- Other launches
- e-Navik grievance module; e-Samudra ship registration; Medical Practitioner module; indigenous VTS; NIVIDA AI tender tool
The Logistics Port Performance Index and Ship Recycling Credit portal: what happened?
Ports compete on speed and trust. An index that ranks logistics performance pushes improvement. Pairing that with a credit for recycling old ships in India links scrap yards to new shipbuilding.
- India’s World Bank Logistics Performance Index rank in International Shipments improved from 44th to 22nd.
- Seven Indian ports were among the world’s top 100 in the World Bank Container Port Performance Index 2024.
What is the Ship Recycling Credit?
- Owners who recycle vessels at Hong Kong Convention-compliant Indian yards receive a credit note equal to 40% of scrap value.
- The note is redeemable against new shipbuilding projects in India.
- It sits inside the ₹70,000 crore maritime development package announced in 2025.
Why does the Logistics Port Performance Index and Ship Recycling Credit portal matter?
- Ports: LPPI for benchmarking and transparency.
- Shipbuilding: Recycling credit links scrap to new builds.
What can Prelims ask on the Logistics Port Performance Index and Ship Recycling Credit portal?
- LPPI for FY 2024-25 launched 29 May 2026.
- Ship Recycling Credit: 40% of scrap value at Hong Kong Convention-compliant Indian yards.
- JNPA: 8 million+ TEUs and 102 million+ MT in FY 2025-26.
How to use this in Mains
- As per PIB (2026-05-29): the Shipping Minister unveiled a Port Performance Index and digital reforms, launched a Unified Ship Recycling Portal for the Ship Recycling Credit scheme, and a VTS at JNPA.
- It improves port efficiency and adds a circular-economy angle to shipbuilding.
Quotable data pointThe Shipping Minister unveiled a Port Performance Index and digital reforms, launched a Unified Ship Recycling Portal for the Ship Recycling Credit scheme, and a VTS at JNPA.
PIB: Shipping: Port Performance Index, 29 May 2026
Exam angle
Prelims: Hong Kong Convention.
Practice MCQs
Original practice questions (not PYQs).
Under the Ship Recycling Credit scheme, the credit note equals what share of scrap value?
Answer (c) & explanation
PIB (Ports/Shipping), 29 May 2026.
Questions students ask about this
What is LPPI?
The Logistics Port Performance Index for Indian ports, launched for FY 2024-25.
How does the Ship Recycling Credit work?
Owners recycling at Hong Kong Convention-compliant Indian yards get a credit note equal to 40% of scrap value for new shipbuilding in India.
How much cargo did JNPA handle in FY 2025-26?
More than 102 million metric tonnes, and it crossed 8 million TEUs.
Keep studying
Go deeper
Official source: PIB: Shipping: Port Performance Index, 29 May 2026
facts from cited sources only; faculty review pending