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Global Dry Bulk Shipping Market ----------------------------------------------------2014
View Report Detail Executive Summary The global dry bulk shipping industry is an essential part of the international shipping industry, 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. Iron ore, coal and grain are the three main constituents of the dry bulk shipping industry followed by some minor bulk commodities. Iron ore constitutes for the major share in the industry followed by coal. Iron ore, coal and minor bulks have shown a tremendous growth in past years and expected to continue this growth in the coming years. The total dry bulk fleet, which comprises four types of vessels: Capesize, Panamax, Handymax, and Handysize; is showing a steady growth on the back of increased new orders and reduced scrapping of dry bulk vessels. The key factors driving growth of the global dry bulk industry include rising urban population, ameliorate global economic development, rising grain production and unceasingly climbing coal industry. Also, escalating steel industry, which is driving iron ore production, is a major driver for seaborne dry bulk market. Some of the noteworthy developments of this industry include rebounded dry bulk freight rates, shrinking charter hire prices and over-supply of dry bulk carrier capacity. However, the growth of respective industry is hindered by the acts of piracy, adverse economic conditions and strict rules and regulations. This report offers a comprehensive analysis of the worldwide dry bulk shipping market, along with an in-depth study of its commodities market including iron ore, coal, grain and minor bulk. The report also includes the detailed description of regional markets including China, Japan and Europe. The competition in the respective market is highly diversified, fragmented and also capital intensive. Some of the major players are Diana Shipping, Dry Ships, Navios Maritime Holding and Genco Shipping, among others. The competitive landscape of the global dry bulk shipping markets, along with the company profiles of the leading players are also discussed in detail. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. 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.
The dry bulk fleet comprises four types of vessels: Capesize, Panamax, Handymax, and Handysize.
2013
2012
2011
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2009
M illion Tons
Seaborne Steam Coal Trade (2009-2013)
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Following a remarkably strong and consistence performance since 2009, expansion of seaborne coal trade recorded a CAGR of ….% during 2009-2013. As of 2013, the steam coal trade through sea expanded to …. million tons, compared to … million tons in 2012.
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. Seaborne trade volume of coking coal inclined by ….% for the year 2013. It accounted for …… million tons in the aforementioned year, compared to ….. million tons in 2012.
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Iron ore, coal and grain, the three main constituents of dry bulk market, are estimated to have accounted for roughly ….% of the total seaborne dry bulk. Iron ore is estimated to have accounted for the highest share of …% of the global seaborne dry bulk followed by steam coal which accounted for ….% share in 2013.
Global Seaborne Dry Bulk Trade Breakdown by Commodity (2013)
M illion Tons
Seaborne Coking Coal Trade (2009-2013)
2009
2010
2011
2012
2013 Iron Ore
Steam Coal
Coking Coal
Grains
Minor Bulk
Escalating steel industry which is driving iron ore production is a major driver for seaborne dry bulk market.
Million Tons
Seaborne Grain Trade (2009-2013)
2009
2010
2011
2012
2013
Seaborne Minor Bulk Trade (2009-2013)
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Humans have been harvesting the small, dry seeds known as grain for thousands of years. The two main categories of grains are cereals, such as wheat, rye, and corn, and legumes, such as beans, lentils, peanuts and soybeans. The seaborne grain trade volume remained stagnant in the year 2013 to …. million tons.
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In 2013, the minor bulk trade increased to …. million tons from … million tons in 2012, recording an annual progress of …%. The same registered a CAGR of …% for period spanning 2009-2013. Many of minor bulk elements are expected to benefit from strengthening manufacturing and construction activity in a range of countries in the coming years.
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Global crude steel production increased from …billion tons in 2012 to …. billion tons in 2013 showing a growth of …%. The same registered a CAGR of …% for period spanning 20092013. In 2013, China and Europe registered maximum share in the global production, accounted for ….% and ..%, respectively.
Million Tons
Billion Tons
Global Crude Steel Production (2009-2014E)
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2013
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2014E
Iron ore, coal and grain are the three main constituents of the dry bulk shipping industry followed by some minor bulk commodities.
Million Tons
China’s Seaborne Iron Ore Imports – by Volume (2009-2013)
2009
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2011
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2013
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China is estimated to have increased imports of iron ore by …. % rising from ….million tons in 2012 to …. million tons in 2013. The country remains one of the largest importers of iron ore in 2013 as expansion of the country’s steel output continued. Iron ore imports to China increased at a CAGR of ….% during the period 2009-2013.
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China imported …. million tons of steam coal in 2013 through sea showing an increase of …% from a year earlier mainly due to an increase in electricity generation. The exports of the same from the country declined …% to .. million tons in the aforementioned year.
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China is the largest producer of crude steel, accounting for … % in 2013. Japan and EU-27 held …% and ….% share in the global production. NAFTA, which consists of Argentina, Brazil, Venezuela and other Latin America countries, produced …% of the crude steel.
China’s Seaborne Steam Coal Imports (2009-2013)
Million Tons
Crude Steel Production by Region (2013)
2009
2010
2011
2012
2013
China
Japan
EU-27
CIS
NAFTA
Others
The growth of respective industry is hindered by the acts of piracy, adverse economic conditions and strict rules and regulations. Seaborne Iron Ore Trade (2009-2013)
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2012
2011
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2009
2017F
2016F
2015F
2014F
2013
2012
M illion Tons
Million Tons
Global Seaborne Dry Bulk Trade and Annual Growth (2012–2017F)
As of 2013, the global seaborne dry bulk trade market recorded an increase of ….% rising from …. million tons in 2012 to …..million tons. This increase will continue in the future mainly due to growing steel production, rising demand for grain and coal and improving economic conditions. Dry bulk market is expected to grow at a CAGR of ….% for the period spanning 2013-2017. Global seaborne dry bulk trade volume is anticipated to reach …. million tons by the end of 2017.
As of 2013, the seaborne iron ore trade increased from ….. million tons in 2012 to ….. million tons showing a growth of ….%. The same registered a CAGR of ….% for the period spanning 2009-2013. The increase was mainly due to higher Chinese imports, with trade in other parts of the world stagnating. China remains the world’s largest iron-ore importer. China's Seaborne demand for iron ore is expected to remain strong for the years to come with demand expected to grow at a rate of ….% per year between 2009 and 2015.
Iron ore, coal and grain, the three main constituents of dry bulk market, are estimated to have accounted for roughly ….% of the total seaborne dry bulk. Iron ore is estimated to have accounted for the highest share of …% of the global seaborne dry bulk followed by stream coal which accounted for ….% share in 2013. Coking coal and grain held ….% and ….% respective share of the global dry bulk shipping in the aforementioned period.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
View Report Contact Us:Detail These are abridged and sanitized sample pages from the comprehensive report on the “ Global Dry Bulk Shipping Report ”. To know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
Vikas Gupta BD Manager
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