Definition, Meaning & Synonyms

shipping magnate

noun

/ˈʃɪpɪŋ ˈmæɡneɪt/

Definition

A shipping magnate is a person who has significant influence and control over the shipping industry, often owning large shipping companies or fleets.

Examples

John Doe, a renowned shipping magnate, expanded his fleet to include eco-friendly vessels.
The shipping magnate was invited to speak at the global maritime conference.
Many shipping magnates have made their fortunes by adapting to changes in global trade.

Meaning

The term ‘shipping magnate’ refers to a wealthy and powerful figure in the maritime transport industry who typically has considerable assets and resources devoted to shipping and logistics.