View Report Details Global Dry Bulk Shipping Market Report ----------------------------------------2016
View Report Details Executive Summary The global dry bulk shipping industry is an essential part of the international shipping sector, with ocean-going vessels representing the most efficient, and often the only method of transporting large volumes of basic commodities and finished products. The dry bulk shipping is defined as the transportation of homogenous bulk cargoes by bulk vessels on an irregular scheduled line. Dry bulk shipping is involved in seaborne transport of commodities such as iron ore, coal (both thermal and coking), grain, bauxite and phosphate (major bulks), and other metals, minerals, and agribulks, such as fertilizer (minor bulks). The industry itself is extremely cyclical and volatile, characterized by large booms and busts. The global dry bulk carrier fleet may be divided into four categories based on a vessel's carrying capacity. These categories consist of: Capesize vessels, Panamax vessels, Handymax vessels, and Handysize vessels. The key factors driving growth of the global dry bulk industry include rising urban population, accelerating global economic development, growing steel production and increasing global pig iron industry. Some of the noteworthy developments of this industry include downturn in the dry bulk charter market, containerization of dry bulk. However, the growth of respective industry is hindered by Chinese economic conditions, the acts of piracy and risk of oversupply and cyclicality. This report offers in-depth analysis of the global dry bulk shipping market, along with an analysis of its commodities market including iron ore, coal, grain, bauxite/alumina, phosphate and minor bulk. The competition in the respective market is highly diversified, fragmented and also capital intensive. Some of the major players are Diana Shipping, Dry Ships, and Genco Shipping. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Industrial production coupled with iron ore and steel production and urbanization to drive the dry bulk shipping market… Global Seaborne Dry Bulk Market by Volume (2010-2016E) The global seaborne dry bulk is estimated to have increased from … million tons in 2014 to … million tons in 2015, representing a growth of …%. The market has grown at a CAGR of …% for the period spanning 2010-2015. Million Tons
Iron ore is estimated to have accounted for the highest share of …% of the global seaborne dry bulk followed by coal and grain with …% and …% share in 2015. Bauxite/ alumina and phosphate rock held …% and …% share respectively. As of 2015, China remains the dominant country for building dry bulk carriers, accounting for …% of the global Orderbook. It is followed by Japan and South Korea with share of …% and …% respectively. 2010
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Global Dry Bulk Shipping Market Share by Commodity (2015E)
Global Dry Bulk Carrier Orders Market Share by Region (2015)
Dry bulk commodity market is primarily driven by rising urbanization and construction growth.. Global Seaborne Iron Ore Trade by Volume (2010-2016E)
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The global seaborne iron ore trade is estimated to have increased to … million tons in 2015 from … million tons in 2014, representing an incline of …%. As of 2015, the global seaborne coal trade was recorded at … million tons in 2015, increased by …%, as compared to … million tons in 2014. The seaborne grain trade is estimated to have increased from … million tons in 2014 to … million tons in 2015, showing an incline of …%. The same registered a CAGR of …% for the period spanning 2010-2015. 2010
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Global Seaborne Coal Trade by Volume (2010-2016E)
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Global Seaborne Grain Trade by Volume (2010-2016E)
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Growing steel production, escalating iron ore industry and economic development with resultant increase in GDP to drive the market…
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Global Seaborne Dry Bulk Trade Forecast (2014-2018E)
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The global dry bulk trade market is estimated to grow at a CAGR of …% from … million tons in 2014 to … million tons in 2018. The increase in urbanization has immense impact on the construction and transportation industry and hence on the demand of steel and coal. These constitute a major share of the dry bulk carriage. The dry bulk trade market would mainly be driven by increasing urbanization, economic development with resultant increase in GDP, growing steel production and escalating iron industry.
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