The dry bulk shipping market [ http://www.marketresearchreports.biz/analysis/228393 ] is a significant aspect of the overall shipping industry and has undergone several changes over the years. Dry bulk shipping refers to the unpackaged shipment of commodities in large amounts.
Divided into major bulk commodities and minor bulk commodities, the dry bulk shipping market constitutes grain, coal, iron ore, steel, sugar, cement, and others. The key dry bulk trading regions are Japan, China, and Europe. The dry bulk shipping fleet includes four types of vehicles: Panamax, Capesize, Handysize, and Handymax.
Globally, China is the largest dry bulk shipping market in terms of import and export of commodities. The Chinese market has had many factors in its favor – declining charter hire prices, rebounding dry bulk freight rates, and improved dry bulk carrier capacity. Apart from this, growing urban population, economic recovery on the global front, increasing production of grains, and a thriving coal industry have also attributed to the growth of the Chinese dry bulk shipping market.
The worldwide dry bulk shipping market is driven by exceeding demand for coal and grains, a flourishing steel industry, development of the seaborne dry bulk shipping sector, increased iron ore production, and improved logistics.
However, stringent rules and policies, economic slowdown, and acts of piracy are expected to hinder the growth of the dry bulk shipping market in future.
The major players competing in the global dry bulk shipping market include Navios Maritime Holdings Inc., Safe Bulkers, Inc., Knightsbridge Shipping Ltd, Diana Shipping, Inc., Genco Shipping & Trading Ltd., DryShips, Inc., and Guggenheim Shipping ETF.
The exhaustive selection of research reports on the dry bulk shipping market that available on Marketresearchreport.biz has been published by leading market intelligence companies from around the globe. Historic, current, and forecast data with respect to market size, volume, and value have been provided by the reports. In addition, the reports include detailed analysis of demand-supply trends and factors that govern the worldwide dry bulk shipping market. The reports are a combination of qualitative and quantitative evaluation of the dry bulk shipping market.