Shipping News
85% of the Market Overlooked: A Golden Opportunity for Businesses in the Maritime Industry
Many Believe the Global Shipping Industry Is Dominated by a Handful of Giants – But That’s Only Part of the Picture This perception may hold true in the standardized container shipping segment, but it doesn’t fully reflect the broader landscape of the global maritime industry. Common Misconception: Big Players Always Reign Supreme!? In container shipping, the top 10 companies control around 85% of global capacity. However, beyond this segment, the rest of the maritime industry is highly fragmented, diverse, and primarily operated by micro, small, and medium-sized enterprises (MSMEs). Since there is no industry-wide standard definition of MSMEs in shipping, we can use the following general criteria: Fleet size under 50 vessels Operations focused on local or regional markets Provide specialized services (rather than global shipping chains) Lean, flexible organization—often family-run or privately owned This is a crucial insight for tech startup founders, investors, and logistics professionals who aim to drive innovation in the sector. In Particular: The Dry Bulk Shipping Industry The dry bulk segment—which transports commodities like coal, grain, and ore—is even more fragmented. The top 10 dry bulk carriers account for less than 15% of the global dry bulk fleet. Some examples: Oldendorff Carriers GmbH & Co. KG – 700 vessels Pacific Basin Shipping Limited – 266 vessels Ultrabulk A/S – 190 vessels (Others include: Star Bulk, Western Bulk, Navios, Fednav, etc.) In total, these top 10 companies own around 1,911 vessels, compared to tens of thousands of dry bulk ships currently in operation. Ship Management: Even More Fragmented In the ship management sector, the top 10 companies—such as: Anglo-Eastern (1,070 ships) V.Group (923 ships) OSM Thome (868 ships) Synergy Marine Group (663 ships) Fleet Management Ltd (660 ships) … collectively manage just over 6,000 vessels. With around 50,000 commercial ships active globally, these top players only
Bulk Cargo Sea Transport: Key Role in Vietnam’s Maritime Economy
Sea transport is one of Vietnam’s spearhead economic sectors, contributing significantly to the national economic development. Among its branches, bulk cargo transport is indispensable, playing a crucial role in moving essential commodities such as coal, ores, grains, cement, fertilizers, and...
Denmark Sets Aside $1 Billion To Insure Its Ships During War Or Crisis
Denmark has announced a big plan to support its shipping industry in case of potential conflicts. The government plans to set aside nearly $1 billion to insure Danish cargo ships if private insurance companies stop offering coverage during dangerous situations....
India Partners With Port Of Rotterdam To Launch Green & Digital Trade Corridor
India is planning to create a Green and Digital Corridor with the Port of Rotterdam in the Netherlands, which would be used to export green hydrogen and its carriers like ammonia and methanol to Europe. The initiative aims to make...
India’s Largest Oil Refiner Signs 5-Year LNG Supply Deal With Trafigura
Indian Oil Corporation Ltd (IOCL), the country’s largest oil refiner, has entered into a five-year deal with global commodities trader Trafigura for the supply of liquefied natural gas (LNG), according to trade sources and a company statement. The deal, which...
Baltic Dry Index Falls for 3rd Straight Session Amid Declining Large Vessel Rates
The Baltic Dry Index (BDI), a key benchmark for global dry bulk shipping rates, experienced its third consecutive decline as charter rates for large vessels continued to drop. Key Highlights: Capesize Vessels: The Capesize index, representing ships typically transporting iron...
How the ‘Make in India’ Initiative and NLP Strengthen India’s Maritime and Logistics Sectors
India’s logistics and maritime sectors are rapidly growing, driven by strong policies and initiatives such as “Make in India” and the National Logistics Policy (NLP). These programs are considered crucial to boosting industrial output and enhancing India’s global trade competitiveness....
World’s First Methanol-Powered Offshore and Subsea Wind Installation Vessel Launched
Công ty TNHH Vận tải Biển và Xuất Nhập Khẩu HTK là một trong những doanh nghiệp vận tải biển hàng đầu tại Việt Nam
India’s coal imports from Russia have increased almost threefold
PTI cited a report from research firm BigMint, stating that India’s imports of metallurgical coal from Russia have tripled over the past three years, reaching around 15.1 million tonnes in the 2023-2024 fiscal year, primarily due to lower prices, while imports from Australia declined. Coal being transported at Vladivostok port in Russia’s Far...
India’s Coal Imports from Russia Nearly Triple
According to research firm Big Mint, India’s coking coal imports from Russia tripled over the past three years, reaching 15.1 million tons in FY 2023-2024, primarily due to lower prices, while imports from Australia declined.