Priya Blue Industries

What Priya Blue Industries does

Priya Blue Industries Pvt. Ltd. is an Alang (Gujarat), India-based green ship-recycling services operator founded in 1994, operating India's largest Class NK-certified and Hong Kong Convention-compliant ship recycling facility across three plots (V1, V2, 169M) with 67,500 sq. meters of freehold backyard land and 510 meters of seafront. The company dismantles end-of-life vessels — including VLCCs, ULCCs, FPSOs, drillships, LNG carriers and passenger ships — following HKC, EU-SRR, ISO 9001/14001/45001/30000 and Lloyd's Register Statement of Compliance protocols, with documented 98% material recovery and infrastructure including impermeable cutting floors, oxygen/PNG pipelines, 75,000-litre fire-fighting capacity, and an asbestos abatement unit.

Revenue is generated primarily through project-based recycling fees paid by ship owners (transaction-based, quote-driven by vessel type, size, LDT and hazardous-material complexity) and a secondary material-and-equipment resale stream through the online Priya Blue Marketplace, which monetises recovered steel, HIPAP, taut wire, drilling equipment, DG sets, DP systems, main/auxiliary engines, ship bells and builder plates. The go-to-market is direct enterprise sales targeting shipping companies, oil and gas/offshore operators (including named customers Swire Pacific Offshore Operations and Stolt Tankers B.V.), and specialised vessel operators globally, with a Mukadam-led on-site labour force of 1,000+ personnel housed at Priya Blue City since 1994. The business operates under wholly-owned subsidiaries Priya Blue Shipping and Priya Blue Recycling LLP, and expanded internationally via a 2026 joint venture with ASRY in Bahrain.

Name

Priya Blue Industries

Legal name

Priya Blue Industries Pvt. Ltd.

Website

https://priyablue.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

251–500 employees

Short description

Priya Blue Industries is India's largest Class NK-certified, Hong Kong Convention-compliant green ship-recycling operator, dismantling end-of-life VLCCs, ULCCs, FPSOs and offshore vessels at its Alang (Gujarat) yard and reselling recovered materials and equipment through the Priya Blue Marketplace for global ship owners and oil & gas operators.

Ownership category

akta.pro rank

Product category

Ship Recycling Services

NAICS

Ship Building and Repairing (336611)

SIC

Hazardous Waste Management (4955)

akta.pro primary industry

Vehicle & Machinery Salvage (Heavy Equipment, Rail, Marine, Agricultural) (EUAIAJAL)

akta.pro secondary industries

Electronics Dismantling & Pre-processing (Depollution, Sorting, Shredding) (EUAIAIAC), Hazardous Waste Storage & TSDF Operations (Permitted Storage, Container/Yard Management) (BPALAFAE)

Keywords

• Green ship recycling
• Vessel dismantling services
• Hazardous material abatement
• Maritime compliance
• Offshore decommissioning

Headquarters

HQ city

Bhavnagar

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Ship Recycling Services: Core revenue stream from green ship recycling services. Ship owners pay recycling fees based on vessel size, type, and complexity. Revenue is transaction-based, earned when vessels are delivered, recycled, and materials processed.
2. Recycled Materials Sales: Sale of recovered materials from recycled ships including steel, machinery, equipment, ship bells, builder plates, and offshore equipment through the Priya Blue Marketplace.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Priya Blue Industries operates India's largest Class NK-certified, Hong Kong Convention (HKC)-compliant green ship recycling yard at Alang, Gujarat. The company provides environmentally responsible vessel dismantling services across multiple specialized plots, including safe handling of hazardous materials, asbestos abatement, fuel extraction, and controlled dismantling. It also operates an online marketplace for resale of recovered equipment and materials from recycled ships, and a shipping subsidiary offering maritime services.

Product overview

Priya Blue Industries is a green ship recycling services company operating India's largest HKC-compliant ship recycling facility in Alang, Gujarat. The company offers a comprehensive portfolio comprising core green ship recycling services across multiple specialized plots (V1, V2, and 169M), harmful waste management, and health and safety management modules. A secondary revenue stream comes from the Marketplace, which resells recovered ship equipment and materials including HIPAP systems, taut wires, drilling equipment, DG sets, DP systems, main/auxiliary engines, ship bells/antiques, and builder plates. The company also operates a shipping subsidiary (Priya Blue Shipping). The offerings are unified under a single operational umbrella focused on responsible ship end-of-life management with environmental compliance.

Differentiator

Problem solved

Functional benefit

Brands

• Priya Blue Shipping: Shipping and maritime services brand operated by Priya Blue Industries.
• Priya Blue Recycling LLP

Products and services

• Green Ship Recycling Services Environmentally responsible ship recycling services compliant with Hong Kong Convention (HKC) standards and certified by ClassNK, including safe dismantling, hazardous material management, and material recovery for ship owners and offshore operators.
• Plot V1 Recycling Yard Primary recycling plot with 10,818 sq. meters front yard on impermeable flooring capable of recycling up to 2 VLCC and 1 Panamax vessel simultaneously, plus approximately 67,500 sq. meters of backyard freehold land for dismantling and product-wise segregation activities.
• Plot V2 Recycling Yard

Quantifiable outcome

• 98% material recovery rate from recycled vessels
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and strategic.

• ClassNK (Nippon Kaiji Kyokai)coreTechnology or IntegrationClassNK provides certification services for Hong Kong Convention (HKC) compliance. Priya Blue was the first yard in India to receive ClassNK certification in 2015, demonstrating compliance with international ship recycling standards.
• Lloyd's RegistercoreTechnology or IntegrationLloyd's Register provides Statement of Compliance (SOC) under EU Ship Recycling Regulation technical requirements. Also supporting SSI field study at Priya Blue through Lloyd's Register Foundation.
• ASRY (Alba Shipyard & Recycling)strategicStrategic or Co-development PartnerJoint partnership announced to create Middle East's biggest ship recycling yard. Strategic alliance between Indian and Bahraini facilities to expand operational footprint in the region.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ASRY (Arab Shipbuilding & Repair Yard): ASRY is Priya Blue's strategic JV partner in Bahrain and operates a similar HKC-compliant ship recycling and repair yard in the Middle East. Both serve global ship owners seeking compliant end-of-life vessel management and compete for the same pool of regulated vessel retirements.
• GMS Inc: GMS is one of the world's largest cash buyers of end-of-life vessels and provides ship recycling services across all major recycling geographies including South Asia. It directly competes with Priya Blue for vessel acquisitions from ship owners who must select compliant recycling yards.
• Best Oasis Limited: Best Oasis is a Hong Kong-based cash buyer of end-of-life vessels that routes recycling work to compliant South Asian yards. It competes directly with Priya Blue's relationship-driven B2B sales motion for the same global pool of retiring ships.
• Shree Ram Shipping & Ship Breaking: Shree Ram is another major Alang-based ship recycling operator with overlapping operations on the Gujarat coast. Both companies compete for vessel recycling contracts from global ship owners within the same beaching geography and serve the same enterprise ship-owner customers.
• Wirana Pte Ltd: Wirana is a Singapore-headquartered cash buyer and recycling services firm that operates in the same end-of-life vessel market as Priya Blue. Both companies source decommissioned vessels from global ship owners and channel work to compliant recycling yards using very similar B2B engagement models.

Market position

Strengths6 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Priya_Blue
• LinkedInlinkedin.com/company/priya-blue-green-ship-recycling

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Priya Blue Industries