With the booming global trade, especially in OEM and
finished products, the international shipping market has
grown. According to Clarksons Research, the total volume
of global seaborne trade in 2022 recorded at 11.948 billion
metric tons, of which 6,219 million metric tons or 52.1%
were dry bulk cargoes (including iron ores, coal, grain,
and others), 3.923 billion metric tons or 32.8% of tanker
cargoes (e.g., crude oil, refined oil products, natural gas,
and chemicals), and 1.806 billion metric tons or 15.1% of
container cargoes.
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