Dry Bulk Shipping Market

Global Dry Bulk Shipping Market, 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) - Trends, Analysis and Forecast till 2029

PMI361619 | Automotive and Transportation

Nov 2019 | 183 | PDF

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.

Global Dry Bulk Shipping Market Segment:

By Type

  • Time Charter
  • Voyage

By Application

  • Iron Ore
  • Coal
  • Grain
  • Steel Products
  • Lumber or Log

Global Dry Bulk Shipping Market Region

On the basis of region, the global dry bulk shipping market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. North America is the dominating region in the global dry bulk shipping market trailed by Europe. China is expected to be the leading target market over the forecast period owing to the rise in the shipping and maritime trade in the region. In addition, there has been an increase in the iron ore imports into China which has augmented the target market growth in the region. Whereas, Europe is anticipated to be the second leading target market over the forecast period due to the improved growth in minor bulk trades.

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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