Shipbroking Market

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SHIPBROKING MARKET ANALYSIS

• Shipbroking Market, by Services (Charting
  (Container Vessels, Tankers, and Dry Bulk), Sales
  and Purchase (Valuations and Recycling), Offshore
  Services, Newbuilding Services, and Salvage and
  Towage services), by Industry (Oil and Gas,
  Manufacturing, Aerospace and Defense, Government,
  and Others), and by Region (North America,
  Europe, Asia Pacific, Latin America, Middle East,
  and Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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Shipbrokers are the middleman between the ship
owners and traders, they are responsible for
transporting the goods around the globe.
Shipbrokers also forms the legal agreements
between ship owner and trader. Moreover,
shipbrokers modify the clauses in the agreement,
according to the ship owner or trader
requirements. There are two types of ship brokers
such as charting brokers and sale and purchase
brokers. The charting brokers are the
intermediary between the traders and the ship
owners, whereas the sale and purchase brokers are
the intermediary between the ship buyers and
sellers.   Increasing demand for maritime
transport and value added services are expected
to drive the growth of the market. The demand
for maritime transport by the traders is
increasing due to the factors such as
globalization and developing infrastructure of
sea ports. The maritime transport can ship heavy
freights and vessels, across the globe. The
maritime transport is more affordable over other
mode of transportation, in case of the heavy and
bulk items. For instance, according to the CMI
analysis, the global maritime transport pegged
for 11.1 Billion tons, in terms of volume in 2018
and it is estimated to exhibit a CAGR of 5.7
over the forecast period.  Thus, increasing
demand for maritime transport, globally is
expected to drive demand for shipbroking.
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In addition, currently shipbrokers are also
offering value added services such as insurance
of goods, storage facility for goods, and inland
transportation of goods. The shipbrokers also act
as advisors to the ship owners and traders. There
are many risk in the shipping business such as
theft from pirates at sea, sea storm, and damage
or loss of containers. The shipbrokers can
identify the risk associated and make
recommendations. Owing to all these reasons the
shipbroking market is expected to exhibit
significant growth over the forecast period. The
online platforms such as OPENSEA.PRO is the
restraining factor for the growth of the market.
The online platforms are connecting the ship
owners and traders around the globe. They offer
services such as fixing transportation prices,
transaction processing, and coordination between
ship owners and traders.
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• Shipbroking Market Taxonomy
• On the basis of services, the global shipbroking
  market is segmented into
• Charting
• Container Vessels
• Tankers
• Dry Bulk
• Sales and Purchase
• Valuations
• Recycling
• Offshore Services
• Newbuilding Services
• Salvage and Towage services

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• On the basis of industry, the global shipbroking
  market is segmented into
• Oil and Gas
• Manufacturing
• Aerospace and Defense
• Government
• Others
• On the basis of region, the global shipbroking
  market is segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
• Major players operating in the global shipbroking
  market include BOLLORE LOGISTICS, Cathay Pacific
  Airways Limited, CEVA Logistics, Air China Ltd,
  Deutsche Lufthansa AG, DHL Express (Deutsche
  Post), FedEx Corporation, Korean Air Co., Ltd,
  and Singapore Airlines.

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