2014-03-06 18:31:01 - Global Dry Bulk Shipping Industry Report: 2013 Edition - a new market research report on companiesandmarkets.com
The global dry bulk shipping market has seen a recovery since the financial crisis of 2008 and 2009 as a result of the increase in international trade over recent years. Dry bulk shipping vessels carry iron ore, grain, coal and other dry materials and solid growth in these specific industry sectors has resulted in an increased demand for shipping fleets with these carrying capacities. The majority of goods transported by the dry bulk shipping industry are iron ore, coal and grain with iron ore representing the largest commodity transported. The commodities of iron ore, coal and minor bulks have shown the greatest increase in terms of growth over recent years with strong growth forecast. However, grain declined in trade during
2012 and this trend is forecast to continue.
Four different types of vessels make up the total dry bulk fleet namely: Capesize, Panamax, Handymax and Handysize. The reduced scrapping of dry bulk vessels lately combined with the increase of new orders has driven growth in the number of vessels available for dry bulk shipping.
The key trends reports in the dry bulk shipping industry are a shrinking of orderbook as a percentage of fleet and reduced scrapping activity which is having an impact on the industry. In addition the recent acts of piracy on ocean going vessels represents one of the major challenges facing the industry. The growth of dry bulk shipping activity will be driven mainly by the rise in global steel production, the economic growth and recovery over recent years of the developed country economies and the rising demand for grain and steam coal among other commodities.
The present report offers a comprehensive analysis of the global dry bulk shipping industry with focus on the regional markets including China, Europe and Japan. The competition in the global dry bulk shipping industry is intense with few large players viz. Diana Shipping, Dry Ships, Navios Maritime Holdings and Genco Shipping and Trading. The competitive landscape along with the company profiles of the leading players in the market is discussed in detail.
The report analysis is based on SPSS data manipulation and analysis with recent research findings on the industry. Regression models were developed to identify the key contributing drivers affecting the global market.
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