Product Code: FBI113893
Growth Factors of shipbroking Market
The global shipbroking market continues to expand as global trade flows, fleet modernization, and shifting supply chain dynamics intensify the need for brokerage services across maritime sectors. According to the latest industry data, the shipbroking market was valued at USD 2.82 billion in 2024, driven by rising seaborne trade and a surge in commodity demand. The market is expected to grow further to USD 2.91 billion in 2025 and reach USD 3.75 billion by 2032, supported by freight rate volatility, new vessel orders, sustainability regulations, and expanding maritime infrastructure.
Growing Demand for Maritime Transport Drives Market Expansion
More than 80% of global trade moves by sea, as reported by UNCTAD, creating a strong foundation for the shipbroking industry. Rising movement of commodities-including metals, mining products, crude oil, LNG, agricultural goods, and manufactured items-continues to generate steady brokerage demand. The rise of e-commerce and global sourcing diversification has increased container shipping volumes, stimulating chartering activities. Additionally, investments in new port infrastructure and fleet development are supporting the market's expansion, particularly in fast-growing economies across Asia Pacific and the Middle East.
Leading market players-such as Clarksons Plc, Braemar Plc, IFCHOR GALBRAITHS, and Howe Robinson-are expanding service portfolios through acquisitions, technology upgrades, and regional office openings. These initiatives enhance global reach and strengthen their competitive positioning in the shipbroking ecosystem.
Impact of Tariffs and Trade Volatility
Reciprocal tariffs and trade tensions have reshaped global shipping routes, creating both opportunities and challenges for brokers. Tariff-related disruptions often lead to diversified trade routes, freight rate fluctuations, and increased demand for sale and purchase broking. As companies adjust their sourcing strategies, the complexity of maritime trade flows increases, leading to stronger reliance on shipbrokers for risk management, chartering agreements, and advisory services.
Market Trends: Rise of Clean Energy Commodities
A major emerging trend is the rising demand for clean energy commodities such as LNG, ammonia, hydrogen-derived fuels, and battery materials. Energy transition projects-such as solar, wind, and hybrid power installations-are boosting tanker trade volumes for renewable fuels. For example, in August 2025, Uganda approved a 100 MW solar PV project supplied by Energy America. Increasing transport of ammonia, biofuels, and battery components is reshaping global tanker and dry bulk trade, fueling demand for specialized broking services.
Segmentation Overview
By Service Type
Chartering services dominated the market in 2024 due to strong demand for dry bulk and tanker transportation. According to UNCTAD, dry bulk and tanker commodities accounted for over 70% of global seaborne trade in 2023, creating high-value chartering opportunities and brokerage commissions.
Newbuilding services are gaining momentum as shipowners invest in greener fleets, alternative fuels, and fleet renewal programs driven by decarbonization policies.
By Broking Type
Tanker broking generated the highest revenue in 2024, supported by volatile freight rates, rising energy trades, and increased routing complexities.
Futures broking is projected to grow the fastest through 2032 as forward freight agreements (FFAs) expand across dry bulk, LNG, tanker, and container segments.
By End Use
The mining sector held the largest share in 2024 due to strong dry bulk movements, long-term contracts, and large-volume shipments.
The renewable energy and power generation segment is expected to grow the fastest, driven by offshore wind development, rising biofuel demand, and clean energy shipping requirements.
Regional Insights
Asia Pacific
Asia Pacific led the global market with USD 1.30 billion in 2024, underpinned by strong import and export flows of dry bulk commodities such as coal, iron ore, and steel. China plays a major role, importing over 1.24 billion tons of iron ore in 2024, marking 6.6% year-on-year growth.
Europe
Europe is expected to record the highest growth rate through 2032, supported by long-haul trade routes, re-routing strategies, and high dry and liquid cargo volumes. The U.K. remains the leading European hub, driven by the Baltic Exchange and major shipbroking firms.
North America
North America shows steady growth, supported by rising energy exports and supply chain realignment. In 2024, the U.S. exported over 55% of its crude oil and natural gas plant liquids to Mexico and other destinations, strengthening brokerage activities.
South America & Middle East & Africa
South America benefits from strong agricultural exports and rising demand for lithium and copper shipments. The Middle East & Africa market is driven by expanding LNG capacity, Red Sea trade routes, and rising crude oil exports.
Conclusion
With the market projected to reach USD 3.75 billion by 2032, the shipbroking industry is poised for steady expansion. Clean energy transitions, freight rate volatility, digitalization, and global supply chain restructuring will continue to elevate the role of brokers in global maritime trade.
Segmentation By Service Type
- Chartering Services
- Sale and Purchase Transactions
- Newbuilding Services
By Broking Type
- Dry Cargo Broking
- Tanker Broking
- Container Vessel Broking
- Futures Broking
- Others (Specialized broking, etc.)
By End Use
- Oil and Gas
- Mining
- Agriculture
- Chemicals and Petrochemicals
- Metal and General Manufacturing
- Construction Industry
- Power Generation and Renewable Energy
- Automotive
- Others (Semiconductor, etc.)
By Region
- North America (By Service Type, By Broking Type, By End Use, and By Country)
- U.S. (By Service Type)
- Canada (By Service Type)
- Mexico (By Service Type)
- Europe (By Service Type, By Broking Type, By End Use, and By Country)
- Germany (By Service Type)
- U.K. (By Service Type)
- France (By Service Type)
- Italy (By Service Type)
- Spain (By Service Type)
- BENELUX (By Service Type)
- Nordics (By Service Type)
- Russia (By Service Type)
- Rest of Europe
- Asia Pacific (By Service Type, By Broking Type, By End Use, and By Country)
- China (By Service Type)
- India (By Service Type)
- Japan (By Service Type)
- South Korea (By Service Type)
- ASEAN (By Service Type)
- Oceania (By Service Type)
- Rest of Asia Pacific
- South America (By Service Type, By Broking Type, By End Use, and By Country)
- Brazil (By Service Type)
- Argentina (By Service Type)
- Chile (By Service Type)
- Venezuela (By Service Type)
- Rest of South America
- Middle East & Africa (By Service Type, By Broking Type, By End Use, and By Country)
- GCC Countries (By Service Type)
- South Africa (By Service Type)
- Israel (By Service Type)
- Turkey (By Service Type)
- Rest of Middle East & Africa
Companies Profiled in the Report Braemar Plc (U.K.)
BRS Group (France)
Clarkson Plc (U.K.)
E.A. Gibson Shipbrokers Ltd. (U.K.)
Howe Robinson Partners Pte Ltd. (Singapore)
IFCHOR GALBRAITHS (Switzerland)
Simpson Spence Young Ltd. (U.K.)
Maersk Broker K/S (Denmark)
Freight Investor Services (U.K.)
Fearnleys AS (Norway)
Table of Content
1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
2. Executive Summary
3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities, and Trends
- 3.3. Impact of Reciprocal Tariffs on the Market
4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Shipbroking Key Players Market Share/Ranking, 2024
5. Global Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Service Type (USD Bn)
- 5.2.1. Chartering Services
- 5.2.2. Sale and Purchase Transaction
- 5.2.3. Newbuilding Services
- 5.3. By Broking Type (USD Bn)
- 5.3.1. Dry Cargo Broking
- 5.3.2. Tanker Broking
- 5.3.3. Container Vessel Broking
- 5.3.4. Futures Broking
- 5.3.5. Others (Specialized broking, etc.)
- 5.4. By End Use (USD Bn)
- 5.4.1. Oil and Gas
- 5.4.2. Mining
- 5.4.3. Agriculture
- 5.4.4. Chemicals and Petrochemicals
- 5.4.5. Metal and General Manufacturing
- 5.4.6. Construction Industry
- 5.4.7. Power Generation and Renewable Energy
- 5.4.8. Automotive
- 5.4.9. Others
- 5.5. By Region (USD Bn)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
6. North America Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Service Type (USD Bn)
- 6.2.1. Chartering Services
- 6.2.2. Sale and Purchase Transaction
- 6.2.3. Newbuilding Services
- 6.3. By Broking Type (USD Bn)
- 6.3.1. Dry Cargo Broking
- 6.3.2. Tanker Broking
- 6.3.3. Container Vessel Broking
- 6.3.4. Futures Broking
- 6.3.5. Others (Specialized broking, etc.)
- 6.4. By End Use (USD Bn)
- 6.4.1. Oil and Gas
- 6.4.2. Mining
- 6.4.3. Agriculture
- 6.4.4. Chemicals and Petrochemicals
- 6.4.5. Metal and General Manufacturing
- 6.4.6. Construction Industry
- 6.4.7. Power Generation and Renewable Energy
- 6.4.8. Automotive
- 6.4.9. Others
- 6.5. By Country (USD Bn)
- 6.5.1. U.S.
- 6.5.1.1. By Service Type (USD Bn)
- 6.5.2. Canada
- 6.5.2.1. By Service Type (USD Bn)
- 6.5.3. Mexico
- 6.5.3.1. By Service Type (USD Bn)
7. South America Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Service Type (USD Bn)
- 7.2.1. Chartering Services
- 7.2.2. Sale and Purchase Transaction
- 7.2.3. Newbuilding Services
- 7.3. By Broking Type (USD Bn)
- 7.3.1. Dry Cargo Broking
- 7.3.2. Tanker Broking
- 7.3.3. Container Vessel Broking
- 7.3.4. Futures Broking
- 7.3.5. Others (Specialized broking, etc.)
- 7.4. By End Use (USD Bn)
- 7.4.1. Oil and Gas
- 7.4.2. Mining
- 7.4.3. Agriculture
- 7.4.4. Chemicals and Petrochemicals
- 7.4.5. Metal and General Manufacturing
- 7.4.6. Construction Industry
- 7.4.7. Power Generation and Renewable Energy
- 7.4.8. Automotive
- 7.4.9. Others
- 7.5. By Country (USD Bn)
- 7.5.1. Brazil
- 7.5.1.1. By Service Type (USD Bn)
- 7.5.2. Argentina
- 7.5.2.1. By Service Type (USD Bn)
- 7.5.3. Chile
- 7.5.3.1. By Service Type (USD Bn)
- 7.5.4. Venezuela
- 7.5.4.1. By Service Type (USD Bn)
- 7.5.5. Rest of South America
8. Europe Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Service Type (USD Bn)
- 8.2.1. Chartering Services
- 8.2.2. Sale and Purchase Transaction
- 8.2.3. Newbuilding Services
- 8.3. By Broking Type (USD Bn)
- 8.3.1. Dry Cargo Broking
- 8.3.2. Tanker Broking
- 8.3.3. Container Vessel Broking
- 8.3.4. Futures Broking
- 8.3.5. Others (Specialized broking, etc.)
- 8.4. By End Use (USD Bn)
- 8.4.1. Oil and Gas
- 8.4.2. Mining
- 8.4.3. Agriculture
- 8.4.4. Chemicals and Petrochemicals
- 8.4.5. Metal and General Manufacturing
- 8.4.6. Construction Industry
- 8.4.7. Power Generation and Renewable Energy
- 8.4.8. Automotive
- 8.4.9. Others
- 8.5. By Country (USD Bn)
- 8.5.1. U.K.
- 8.5.1.1. By Service Type (USD Bn)
- 8.5.2. Germany
- 8.5.2.1. By Service Type (USD Bn)
- 8.5.3. France
- 8.5.3.1. By Service Type (USD Bn)
- 8.5.4. Italy
- 8.5.4.1. By Service Type (USD Bn)
- 8.5.5. BENELUX
- 8.5.5.1. By Service Type (USD Bn)
- 8.5.6. Spain
- 8.5.6.1. By Service Type (USD Bn)
- 8.5.7. Nordics
- 8.5.7.1. By Service Type (USD Bn)
- 8.5.8. Russia
- 8.5.8.1. By Service Type (USD Bn)
- 8.5.9. Rest of Europe
9. Middle East & Africa Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Service Type (USD Bn)
- 9.2.1. Chartering Services
- 9.2.2. Sale and Purchase Transaction
- 9.2.3. Newbuilding Services
- 9.3. By Broking Type (USD Bn)
- 9.3.1. Dry Cargo Broking
- 9.3.2. Tanker Broking
- 9.3.3. Container Vessel Broking
- 9.3.4. Futures Broking
- 9.3.5. Others (Specialized broking, etc.)
- 9.4. By End Use (USD Bn)
- 9.4.1. Oil and Gas
- 9.4.2. Mining
- 9.4.3. Agriculture
- 9.4.4. Chemicals and Petrochemicals
- 9.4.5. Metal and General Manufacturing
- 9.4.6. Construction Industry
- 9.4.7. Power Generation and Renewable Energy
- 9.4.8. Automotive
- 9.4.9. Others
- 9.5. By Country (USD Bn)
- 9.5.1. GCC Countries
- 9.5.1.1. By Service Type (USD Bn)
- 9.5.2. South Africa
- 9.5.2.1. By Service Type (USD Bn)
- 9.5.3. Israel
- 9.5.3.1. By Service Type (USD Bn)
- 9.5.4. Turkey
- 9.5.4.1. By Service Type (USD Bn)
- 9.5.5. Rest of MEA
10. Asia Pacific Shipbroking Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Service Type (USD Bn)
- 10.2.1. Chartering Services
- 10.2.2. Sale and Purchase Transaction
- 10.2.3. Newbuilding Services
- 10.3. By Broking Type (USD Bn)
- 10.3.1. Dry Cargo Broking
- 10.3.2. Tanker Broking
- 10.3.3. Container Vessel Broking
- 10.3.4. Futures Broking
- 10.3.5. Others (Specialized broking, etc.)
- 10.4. By End Use (USD Bn)
- 10.4.1. Oil and Gas
- 10.4.2. Mining
- 10.4.3. Agriculture
- 10.4.4. Chemicals and Petrochemicals
- 10.4.5. Metal and General Manufacturing
- 10.4.6. Construction Industry
- 10.4.7. Power Generation and Renewable Energy
- 10.4.8. Automotive
- 10.4.9. Others
- 10.5. By Country (USD Bn)
- 10.5.1. China
- 10.5.1.1. By Service Type (USD Bn)
- 10.5.2. India
- 10.5.2.1. By Service Type (USD Bn)
- 10.5.3. Japan
- 10.5.3.1. By Service Type (USD Bn)
- 10.5.4. South Korea
- 10.5.4.1. By Service Type (USD Bn)
- 10.5.5. ASEAN
- 10.5.5.1. By Service Type (USD Bn)
- 10.5.6. Oceania
- 10.5.6.1. By Service Type (USD Bn)
- 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Braemer Plc
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. BRS Group
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Clarkson Plc
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. E.A. Gibson Shipbrokers Ltd.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Howe Robinson Partners Pte Ltd
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. IFCHOR GALBRAITHS
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Simpson Spence Young Ltd.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Maersk Broker K/S
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Freight Investor Services
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Fearnleys AS
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments