Steel Industry Driving Dry Bulk Shipping Market Growth Globally, Says a New Research Report

DALLAS, October 30, 2014 /PRNewswire/ --

MarketReportsOnline.com adds Global Dry Bulk Shipping Market Report: 2014 Edition research report of 56 pages that says demand for steel is anticipated to grow at a stupendous pace thus encouraging the growth of dry bulk shipping market. Iron ore and coal, which account for a major share of the seaborne dry bulk trade, are key inputs for production of steel and this is to show an impact on the growth of dry bulk shipping industry. Complete report is available at http://www.marketreportsonline.com/372224.html .

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. In 2013, global steel demand grew higher than anticipated due to a stronger than expected performance in the developed world in the second half of the year mainly driven by the strength gained by the recovery of the US. Also, growing construction activities globally results in increased demand for iron ore and coking coal which increases seaborne trade of these dry bulk commodities.

As per the report "Global Dry Bulk Shipping Market: 2014 Edition", China accounts for the major share of the imports and exports of key dry bulk commodities. Ameliorating global economic development, rising urban population, rising grain production and unceasingly climbing coal industry are providing immense growth opportunity for the respective 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. 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. Players in this market mainly compete on the basis of several factors like price, location and size of the vessel, age and condition of the vessel, customer relationship, operating expertise and professional reputation.

Companies profiled in this research include Diana Shipping, Inc., Dry Ships, Inc. and Genco Shipping & Trading Ltd. Order a copy of this report at http://www.marketreportsonline.com/contacts/purchase.php?name=372224 .

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 and logistics around 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, competitive, 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.

List of Charts provided in Global Dry Bulk Shipping Market Report: 2014 Edition research report include:

Major Dry Bulk Commodities

Main Segments of the Bulk Fleet

Charter Market of Dry Bulk Carriers

Global Seaborne Dry Bulk Demand - by Volume (2009-2013)

Global Seaborne Dry Bulk Trade Breakdown by Commodity (2013)

Utilization Rate of Seaborne Bulk Carriers (2004-2016E)

Seaborne Iron Ore Trade (2009-2013)

Seaborne Steam Coal Trade (2009-2013)

Seaborne Coking Coal Trade (2009-2013)

Seaborne Grain Trade (2009-2013)

Seaborne Minor Bulk Trade (2009-2013)

China's Seaborne Iron Ore Imports - by Volume (2009-2013)

China's Seaborne Steam Coal Trade (2009-2013)

China's Seaborne Coking Coal Trade (2009-2013)

Japan's Seaborne Imports of Iron Ore and Coal (2009-2013)

Europe's Seaborne Imports of Iron Ore and Coal (2009-2013)

Global GDP (2006-2013)

Global Urban Population (2007-2013)

Global Crude Steel Production (2007-2014E)

Global Steel Use by Finished Steel Product (2007-2013)

Crude Steel Production by Region (2013)

Worldwide Production of Pig Iron (2007-2013)

Global Grain Production (2007-2013)

Global Coal Production (2007-2013E)

Newbuilding Orders per Quarter (Q112-Q214)

Number of Pirate Attacks Worldwide (2009-2014YTD)

Diana Shipping's Time Charter Revenues and Net Income (2009-2013)

Dry Ships's Revenues Breakdown by Business Segment (2013)

Dry Ships's Revenues and Net Income (2009-2013)

Genco's Revenue Breakdown by Segments (2013)

Genco's Revenue and Net Profit (2009-2013)

Global Seaborne Dry Bulk Trade and Annual Growth (2012-2017F)

Explore more transportation market reports as well as other research newly published for the automotive industry at http://www.marketreportsonline.com/cat/automotive-market-research.html .

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