By Type (Time Charter and Voyage), By Application (Iron Ore, Coal, Grain, Steel Products, and Lumber or Log), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa)
Dry bulk shipping refers to the transportation of raw materials. This method refers to the caring of significant commodities in bulk such as iron ore, coal, grain, together with ships carrying steel products such as coils, plates, rods, lumber or log and such. Dry bulk shipping is essential for global trade and industry
Global Dry Bulk Shipping Market Dynamics
Increase in steel production all over the world has led to the transportation of raw materials which is the major driving factor for the global dry bulk shipping market. In addition, rapid urbanization has inclined industries towards dry bulk shipping which has upsurge the target market growth. Furthermore, an increase in the GDP of economies has boosted the target market growth. However, transportation and infrastructure costs is high in terms of dry bulk shipping which is anticipated to impact the target market growth over the forecast period. Additionally, trade barriers and regulatory risks are involved with the bulk shipping which is also expected to hamper the global dry bulk shipping market during the forecast period. Nevertheless, technological advancements in dry bulk shipping is expected to create lucrative growth opportunities for the global dry bulk shipping market...Read More
Global Dry Bulk Shipping Market Key Players:
- Diana Shipping, Inc.
- Dry Ships, Inc.
- Genco Shipping & Trading Ltd.
- Baltic Trading
- Navios Maritime Holdings
- Star Bulk Carriers
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