• The global Shipping Agency Service Market was valued at US$ 13,280 million in 2024, and it is projected to reach approximately US$ 18,180 million by 2031, reflecting a compound annual growth rate (CAGR) of 4.7% over the forecast period (2025–2031).
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• Shipping agency services play a foundational role in the global maritime industry. These services are responsible for representing the interests of ship owners, charterers, and cargo operators during port calls. Agencies act as intermediaries between vessel operators and port authorities, facilitating an array of activities including vessel berthing, crew handling, cargo operations, documentation, customs clearance, and compliance with regulatory frameworks.
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•Liner Agents hold the largest market share at 51%, driven by increasing container trade and e-commerce logistics.
•Port Agency Services, Owner’s and Charterer’s Agencies, and P&I agencies together form a significant portion, collectively shaping agency networks at major global ports.
• Bulk Shipping dominates with 45% market share, reflecting the essential nature of agency support in handling commodities like coal, ore, and grain.
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