Global Shipbroking Market 2018-2022
Shipbroking is an activity that forms part of the international shipping industry. Shipbrokers act as specialist intermediaries between shipowners and the charterers of ships to transport cargo or between buyers and sellers of ships.Technavio’s analysts forecast the global shipbroking market will register a revenue of more than USD 1.4 billion 2022.Covered in this report The report covers the present scenario and the growth prospects of the global shipbroking market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Shipbroking Market 2018-2022
Technavio recognizes the following companies as the key players in the global shipbroking market: A.P. MOLLER – MAERSK, Braemar Shipping Services, CLARKSON, Howe Robinson Partners, and Simpson Spence Young.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is implementation of advanced technologies. Owing to rapid R&D investments, innovations and technological advances such as AI, blockchain, advanced analytics, Big Data, IoT, and AR and VR are gaining prominence in the maritime sector.”
According to the report, one driver in the market is demand for key value addition in the shipping process. Shipbrokers offer numerous important functions such as providing expertise on current demand and supply, extensive knowledge of the freight market, and resolving professional disputes between the shipowner and charterer.
Further, the report states that one challenge in the market is increased exposure to global macroeconomic factors. The increased exposure of the shipbroking market to the global macroeconomic factors makes it vulnerable to various uncertainties and risks that may lead to an economic downturn and depress trade activities.
Chauvin Arnoux Metrix
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