Shipbroking Global Market Report 2025

Shipbroking is a specialized field within the maritime industry that involves providing intermediary services between shipowners and charterers or between buyers and sellers of ships. Shipbrokers facilitate vessel charters and ship sales, offering market insights, negotiating terms, and ensuring that contractual obligations are met.

The main types of shipbroking include container vessels, tankers, dry bulk, valuations, and recycling. Container vessels are specifically designed to transport standardized shipping containers, which are used for moving goods across seas and oceans. These vessels are applied in various sectors such as bulk transport, tanker services, and more. End users of these services include industries such as oil and gas, manufacturing, aerospace and defense, government, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a considerable impact on the financial sector, particularly in the areas of investment strategies and risk management. The increased tariffs have intensified market volatility, leading institutional investors to adopt more cautious approaches and driving greater demand for hedging solutions. Banks and asset managers are encountering higher costs in cross-border transactions as disrupted global supply chains and declining corporate earnings weigh on equity market performance. At the same time, insurance providers are facing elevated claims risks linked to supply chain interruptions and trade-related business losses. Furthermore, reduced consumer spending and weaker export demand are limiting credit growth and dampening investment appetite. In response to these challenges, the sector must focus on diversification, accelerate digital transformation, and strengthen scenario planning to manage the heightened economic uncertainty and safeguard profitability.

The shipbroking market research report is one of a series of new reports from The Business Research Company that provides shipbroking market statistics, including shipbroking industry global market size, regional shares, competitors with a shipbroking market share, detailed shipbroking market segments, market trends and opportunities, and any further data you may need to thrive in the shipbroking industry. This shipbroking market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The shipbroking market size has grown steadily in recent years. It will grow from $1.39 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to a rise in maritime accidents, trade route expansions, a rise in demand for shipping services, increased connectivity of modern ships, and an increase in the production of wheat.

The shipbroking market size is expected to see steady growth in the next few years. It will grow to $1.72 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to geopolitical events and environmental regulations, rising demand for cargo logistics, an increasing number of ship owners, increasing demand for maritime transportation services, and a growing number of third-party agencies in the shipping business. Major trends in the forecast period include digital transformation, integration of automation, shifting trade patterns and regulatory compliance pressures, the development of blockchain-based platforms, and the development of sea port infrastructure.

The forecast of 4.4% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through degraded chartering services, as vessel tracking systems and freight rate analytics platforms, largely developed in Norway and South Korea, become cost-prohibitive for some brokers to license. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The rising demand for cargo logistics is projected to drive substantial growth in the shipbroking market. Cargo logistics involves the efficient planning, execution, and control of goods movement and storage from their origin to destination. The increasing globalization of supply chains and international trade has heightened the need for effective and reliable transportation and storage solutions. Shipbroking plays a crucial role in cargo logistics by negotiating and arranging sea transport, matching cargoes with vessels, and managing contracts and freight rates to ensure the smooth and cost-effective movement of goods. For instance, in June 2024, the United States Department of Transportation reported that domestic U.S. transportation via water mode reached 644 million tons in 2023 and is projected to increase to 1,238 million tons by 2050. This growing demand for cargo logistics is driving the shipbroking market.

Key players in the shipbroking market are focusing on developing advanced digital solutions, such as vessel auction platforms, to streamline transactions and improve market transparency. Vessel auction platforms are online systems designed for the competitive bidding and selling of ships, facilitating efficient and transparent transactions in the maritime industry. For example, in September 2023, GMS Inc., a UAE-based provider of ship recycling and cash buyer services, launched the Ship Recycling Portal. This innovative platform transforms ship recycling by simplifying the sale of end-of-life vessels directly to shipyards. The portal offers real-time auctions for end-of-life vessels, allowing recyclers to bid from their offices or homes, thus eliminating the need for in-person negotiations. It provides a transparent and efficient process, enabling buyers to view competing offers and make informed decisions. The platform is also accessible to other shipowners and cash buyers, positioning itself as a key method for delivering vessels to recycling yards in the future.

In January 2022, Simpson Spence & Young, a UK-based shipping company, acquired Anchor Shipbroking Inc. for an undisclosed amount. This acquisition aims to bolster Simpson Spence & Young's sales and purchase capabilities, expand its forward order book, and integrate new buildings and long-term projects more effectively. The acquisition is intended to strengthen the company's market presence and service offerings in the shipping industry. Anchor Shipbroking Inc., based in Greece, specializes in new building and ship recycling services.

Major companies operating in the shipbroking market are Maersk Broker K/S, Clarkson Plc, Barry Rogliano Salles International S.A., Simpson Spence Young Ltd, Howe Robinson Partners Pte Ltd, Poten and Partners Inc, SPI Marine LtdE.A. Gibson Shipbrokers Ltd, Galbraiths Ltd, ShipServ Ltd, Lorentzen and Stemoco AS, McQuilling Partners Inc, Maritime London Ltd, Braemar Shipping Services Plc, Agora Shipbroking Corporation, Anchor Shipbroking Inc, Bright Cook & Co Limited, Endole Ltd, Charles R. Weber Company Inc, Compass Maritime Services LLC, Fearnley Securities, Interocean Group, Seacore Shipbrokers Ltd, Shiplinks, Velian Ship Brokers

North America was the largest region in the shipbroking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shipbroking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the shipbroking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The shipbroking market includes revenues earned by entities by providing services such as vessel inspections, port agency services, freight forwarding, and cargo brokerage. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Shipbroking Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on shipbroking market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for shipbroking ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The shipbroking market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Container Vessels; Tankers; Dry Bulk; Valuations; Recycling
• 2) By Application: Bulker; Tanker; Other Applications
• 3) By End Use: Oil And Gas; Manufacturing; Aerospace And Defense; Government; Other End Users
• Subsegments:
• 1) By Container Vessels: New Container Vessel Brokerage; Secondhand Container Vessel Brokerage; Time Charter And Voyage Charter Brokerage
• 2) By Tankers: Crude Oil Tanker Brokerage; Product Tanker Brokerage; Chemical Tanker Brokerage; LPG Or LNG Tanker Brokerage
• 3) By Dry Bulk: Capesize Dry Bulk Brokerage; Panamax Dry Bulk Brokerage; Handymax Or Handysize Dry Bulk Brokerage
• 4) By Valuations: Vessel Appraisal; Investment And Risk Assessment; Condition And Inspection Valuations
• 5) By Recycling: Ship Demolition Brokerage; Scrapping And Recycling Services; End-Of-Life Ship Brokerage
• Companies Mentioned:Maersk Broker K/S; Clarkson Plc; Barry Rogliano Salles International S.A.; Simpson Spence Young Ltd; Howe Robinson Partners Pte Ltd; Poten and Partners Inc; SPI Marine LtdE.A. Gibson Shipbrokers Ltd; Galbraiths Ltd; ShipServ Ltd; Lorentzen and Stemoco AS; McQuilling Partners Inc; Maritime London Ltd; Braemar Shipping Services Plc; Agora Shipbroking Corporation; Anchor Shipbroking Inc; Bright Cook & Co Limited; Endole Ltd; Charles R. Weber Company Inc; Compass Maritime Services LLC; Fearnley Securities; Interocean Group; Seacore Shipbrokers Ltd; Shiplinks; Velian Ship Brokers
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.