Global Dry Bulk Shipping Market Overview:
Dry bulk shipping referred to as the movement of noteworthy commodities in bulk including major bulks such as iron ore, coal, and grain; together with ships carrying steel products such as coils, rods, and plates; lumber or log and other commodities classified as the minor bulks. Other cargo ships include ore bulk ore carriers, which are vessels able to trade alternately wet and dry cargoes. The importance of dry bulk shipping is significant, as global trade is dependent on it. The international steel industry is primarily is dependent on it, as the transportation of raw materials like iron ore is reliant on it. Owing to the rapidly increasing international trade, dry bulk shipping has surged across the globe. Some of the key players profiled in the study are Diana Shippping, Inc. (Greece), Star Bulk Carriers Corp (Greece), Scorpio Bulkers, Inc. (Monaco), Genco Shipping & Trading Limited (United States), GAC (United Arab Emirates), Freeseas Inc. (Greece), NYK Line (North America), Globus Maritime Limited (Greece), Western Bulk (Norway) and Berge Bulk (Singapore).
On the basis of geography, the market of Dry Bulk Shipping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vessel Type, the sub-segment i.e. Capesize will boost the Dry Bulk Shipping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Commodity Type, the sub-segment i.e. Iron ore will boost the Dry Bulk Shipping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Global GDP
- Rapid Urbanization
- Increasing Steel Production
- Fluctuating Scrapping Rate
- Adoption of Coastal Shipping
- Containerization of Dry Bulk
- High Transportation and Infrastructure Costs
- Trade Barriers and Global Threat
- Emerging Demand from Economies
Major Market Developments:
On 19 November 2018, Diana Shipping Inc., a worldwide shipping firm focusing in the ownership of dry bulk vessels, has announced the agreement with Berge Bulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Sideris GS, for a period until 2020. and On August 15, 2018, Genco Shipping & Trading Limited, a leading dry bulk shipping company has announced the delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels.
Dry Bulk Shipping Traders, Industry Association, Downstream Vendors, Steel Traders and Importer/Exporter
Major Objectives Focused through this Study
To define, describe, and forecast the Global Dry Bulk Shipping market on the basis of product  , application [Iron Ore, Coal, Grain, Steel Products, Lumber or Log and Other Commodities], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Dry Bulk Shipping market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Dry Bulk Shipping industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Dry Bulk Shipping market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.