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Bulk Cargo Services Market Share

Report ID: GMI10255
Published Date: Jul 2024
Report Format: PDF

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Bulk Cargo Services Market Share

Glencore, Cargill, and Maersk Tankers dominate the bulk cargo services industry holding market share over 15%. Glencore leverages sophisticated logistics management systems to streamline cargo handling, storage, and transportation, effectively reducing costs and enhancing turnaround times. Additionally, they offer value-added services such as blending, storage, and packaging to attract more clients and distinguish their services from competitors.

Cargill ensures all bulk commodities are sourced sustainably, maintaining transparency in the supply chain. Along with this, they also commit to carbon neutrality and work towards reducing emissions across all operations. Maersk Tankers invests in new, eco-friendly vessels to meet stringent environmental regulations and reduce operating costs. They also implement advanced fleet management systems to enhance operational efficiency.

Bulk Cargo Services Market Companies

Major players operating in the bulk cargo services industry are:

Glencore
Cargill
Maersk Tankers
BHP Billiton
Pacific Basin Shipping Limited
Frontline Ltd.
BW Group
AET Tankers
Odfjell SE
Diana Shipping Inc.
Euronav NV

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of bulk cargo services reached USD 259.4 billion in 2023 and will witness 4% CAGR between 2024 and 2032, attributed to increasing demand for raw materials like coal, ores, and grains, along with expanding infrastructure projects necessitating efficient transportation.

The dry bulk cargo segment held over 69.4% of the bulk cargo services industry share in 2023, fueled by high demand for commodities like coal, iron ore, grains, and cement coupled with expanding industrial activities and construction projects.

Asia Pacific market size was USD 113.6 billion in 2023, propelled by robust industrialization, expanding infrastructure projects, and burgeoning trade activities.

Glencore, Cargill, Maersk Tankers, BHP Billiton, Pacific Basin Shipping Limited, Frontline Ltd., BW Group, AET Tankers, Odfjell SE, Diana Shipping Inc., and Euronav NV, among others.