- Dry Cargo Broking
- Tanker Broking
- Container Vessel Broking
- Futures Broking
- Other
Shipbroking Market size was valued at USD 1.4 billion in 2023 and is poised to grow at a significant CAGR of 3.0% over 2024-2030. Traction towards international trade and seaborne transportation is expected to drive the market. As global trade continues to expand, the demand for shipping services increases, driving the need for shipbrokers. Shipbrokers play a vital role in connecting buyers and sellers, facilitating charter agreements, and ensuring efficient logistics for the smart transportation of goods across borders. The growth of emerging economies, the rise of global supply chains, and the increasing demand for commodities contribute to the expansion of international trade, which in turn fuels the shipbroking market.
However, a significant challenge in the shipbroking market is the volatility and cyclical nature of the shipping industry. Fluctuations in freight rates, vessel supply, and demand can impact the profitability of shipbrokers. Economic downturns, geopolitical tensions, changes in regulations, and overcapacity in the shipping market can lead to challenging market conditions. Shipbrokers need to navigate these challenges by adapting to market dynamics, providing value-added services, and maintaining strong relationships with clients and industry stakeholders. The ability to anticipate market trends, manage risks, and offer specialized expertise are key factors in overcoming challenges and sustaining growth in the shipbroking market.
Shipbroking Market Recent Key Developments:
- In January 2023, Clarksons and IHS Markit partnered to create a new shipbroking platform: Clarksons and IHS Markit announced partnership to create a new shipbroking platform. The platform will combine the data and analytics of both companies to provide shipbrokers with a more comprehensive view of the market.
- In February 2023, DNV GL and Alfa Laval partnered to develop new shipbroking solutions: DNV GL and Alfa Laval announced a partnership to develop new shipbroking solutions. The solutions will focus on improving the efficiency and sustainability of the shipping industry.
Shipbroking Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.00%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Shipbroking Market Dynamics
The global shipbroking market is increasing in complexity and specialization in the maritime industry. As the shipping industry evolves, there is a growing need for shipbrokers who possess in-depth knowledge and expertise in specific sectors such as container ships, bulk carriers, tankers, or specialized vessels. The complexities involved in chartering, buying, and selling these vessels require the assistance of shipbrokers who can provide specialized services and guidance. Ship owners and charterers rely on shipbrokers to navigate the intricacies of the market, negotiate favorable terms, and ensure efficient and cost-effective maritime transportation. The demand for specialized shipbroking services drives the growth of the global shipbroking market.
Asia Pacific Got Significant Share
Shipbroking Market Reginal Analysis
Asia Pacific dominates the global shipbroking market due to increased demand for commodities, and the growth of manufacturing and industrial sectors. This surge in trade creates a robust demand for shipbroking services, as shipbrokers play a crucial role in facilitating charter agreements, vessel sales, and purchases, catering to the needs of both local and international market participants.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The shipbroking market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Shipbroking Market Segmentation
By Type
By Application
- Bulker
- Tanker
- Other
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
Shipbrokers help charterers (those in need of ships) and shipowners (those with available ships) to connect and negotiate the terms of a charter agreement. They provide market intelligence, match suitable vessels with cargo requirements, handle negotiations, and ensure compliance with relevant regulations.
The shipbroking market is influenced by various factors, including global economic conditions, international trade patterns, fluctuations in commodity prices, changes in shipping regulations, geopolitical developments, and trends in the maritime industry. Supply and demand dynamics for different types of vessels also play a crucial role.
Shipbrokers typically earn commissions based on the value of the transaction. The commission is negotiated between the shipbroker and the client, usually expressed as a percentage of the charter hire or sale price. In some cases, shipbrokers may also charge flat fees or retainers for specific services provided.
| 1.Executive Summary |
| 2.Global Shipbroking Market Introduction |
| 2.1.Global Shipbroking Market - Taxonomy |
| 2.2.Global Shipbroking Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3.Global Shipbroking Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Shipbroking Market Analysis, 2019 - 2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Shipbroking Market By Type, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Dry Cargo Broking |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Tanker Broking |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Container Vessel Broking |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Futures Broking |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Shipbroking Market By Application, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Bulker |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Tanker |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Other |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Shipbroking Market By Geography, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. The Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Shipbroking Market By Region, 2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Shipbroking Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Dry Cargo Broking |
| 9.1.2.Tanker Broking |
| 9.1.3.Container Vessel Broking |
| 9.1.4.Futures Broking |
| 9.1.5.Other |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Bulker |
| 9.2.2.Tanker |
| 9.2.3.Other |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.The Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Shipbroking Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Dry Cargo Broking |
| 10.1.2.Tanker Broking |
| 10.1.3.Container Vessel Broking |
| 10.1.4.Futures Broking |
| 10.1.5.Other |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Bulker |
| 10.2.2.Tanker |
| 10.2.3.Other |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.The Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Shipbroking Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Dry Cargo Broking |
| 11.1.2.Tanker Broking |
| 11.1.3.Container Vessel Broking |
| 11.1.4.Futures Broking |
| 11.1.5.Other |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Bulker |
| 11.2.2.Tanker |
| 11.2.3.Other |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.The Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Shipbroking Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Dry Cargo Broking |
| 12.1.2.Tanker Broking |
| 12.1.3.Container Vessel Broking |
| 12.1.4.Futures Broking |
| 12.1.5.Other |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Bulker |
| 12.2.2.Tanker |
| 12.2.3.Other |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.The Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Shipbroking Market ,2019 - 2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Dry Cargo Broking |
| 13.1.2.Tanker Broking |
| 13.1.3.Container Vessel Broking |
| 13.1.4.Futures Broking |
| 13.1.5.Other |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Bulker |
| 13.2.2.Tanker |
| 13.2.3.Other |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.The Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Aries Shipbroking (Asia) Pte Ltd. |
| 14.2.2.Braemar Shipping Services Plc |
| 14.2.3.BRS Group |
| 14.2.4.Chowgule Brothers Pvt. Ltd. |
| 14.2.5.Clarkson PLC |
| 14.2.6.A. Gibson Shipbrokers Ltd. |
| 14.2.7.Fearnleys AS |
| 14.2.8.Galbraiths Ltd. |
| 14.2.9.Howe Robinson Partners Pte Ltd. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Aries Shipbroking (Asia) Pte Ltd.
- Braemar Shipping Services Plc
- BRS Group
- Chowgule Brothers Pvt. Ltd.
- Clarkson PLC
- A. Gibson Shipbrokers Ltd.
- Fearnleys AS
- Galbraiths Ltd.
- Howe Robinson Partners Pte Ltd.