DUBLIN--(BUSINESS WIRE)--The "Global Dry Bulk Shipping Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
In the year 2017, the global dry bulk shipping market was growing due to increase in steel production, rapid urbanization all over the world and increase in the GDP of economies.
Significant growth in the market would be observed in future because of upcoming production projects, rising coastal shipping and scrapping of ships. However, fluctuation in the market is expected due to transportation and infrastructure costs, trade barriers and regulatory risks.
In the year 2017, iron ore dominated the global dry bulk shipping market. Australia remained the highest exporter of iron ore and is expected to export more in future. Whereas, China remained the highest importer of iron ore in 2017. Hunger for high-quality iron ore from Australia and Brazil also pushed Chinese imports of the steel making ingredient.
Algoma Central Corporation, Genco Shipping & Trading, Diana Shipping and Dry Ships were the major players in the market. Strong trade through shipments was attributable to the company's inclination towards acquisitions and projects to expand the business and increase profitability.
Market Dynamics
Growth Drivers
- Increasing Global GDP
- Rapid Urbanization
- Increasing Steel Production
Key Trends
- Fluctuating Scrapping Rate
- Adoption of Coastal Shipping
- Containerization of Dry Bulk
Challenges
- High Transportation & Infrastructure Costs
- Chinese Economic Condition
- Act of Piracy
- Regulatory Risk
- Trade Barriers & Global Threat
Key Topics Covered
2. Global Dry Bulk Shipping Market
3. Dry Bulk Cargo Exports
4. Dry Bulk Cargo Imports
5. Market Dynamics
6. Competitive Landscape
7. Key Company Profiles
- Algoma Central Corporation
- Diana Shipping Inc.
- Dry Ships Inc.
- Genco Shipping & Trading Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/mtjn45/global_dry_bulk?w=4
