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Global Dry Bulk Shipping Market Report: 2016 Edition

Global Dry Bulk Shipping Market Report: 2016 Edition

The global dry bulk shipping industry is an essential part of the international shipping sector, 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.

Dry bulk shipping is involved in seaborne transport of commodities such as iron ore, coal (both thermal and coking), grain, bauxite and phosphate (major bulks), and other metals, minerals, and agribulks, such as fertilizer (minor bulks). The industry itself is extremely cyclical and volatile, characterized by large booms and busts. The global dry bulk carrier fleet may be divided into four categories based on a vessel's carrying capacity. These categories consist of: Capesize vessels, Panamax vessels, Handymax vessels, and Handysize vessels.

The key factors driving growth of the global dry bulk industry include rising urban population, accelerating global economic development, growing steel production and increasing global pig iron industry. Some of the noteworthy developments of this industry include downturn in the dry bulk charter market, containerization of dry bulk. However, the growth of respective industry is hindered by Chinese economic conditions, the acts of piracy and risk of oversupply and cyclicality.

This report offers in-depth analysis of the global dry bulk shipping market, along with an analysis of its commodities market including iron ore, coal, grain, bauxite/alumina, phosphate and minor bulk. The competition in the respective market is highly diversified, fragmented and also capital intensive. Some of the major players are Diana Shipping, Dry Ships, and Genco Shipping.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the market. 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.


1. Market Overview
Table 1: Types of Shipping Markets
1.1 Dry Bulk Commodities Types
Table 2: Major Dry Bulk Commodities
1.2 Dry Bulk Vessel Types
Table 3: Main Segments of the Bulk Fleet
Table 4: Dry Bulk Fleet Categories
1.3 Dry Bulk Charter Market
Table 5: Charter Market of Dry Bulk Carriers
2. Dry Bulk Market Analysis
2.1 Global Dry Bulk Shipping Market by Volume
Table 6: Global Seaborne Dry Bulk Market by Volume (2010-2016E)
2.2 Global Dry Bulk Shipping Market by Commodity
Table 7: Global Dry Bulk Shipping Market Share by Commodity (2015E)
2.3 Global Dry Bulk Carrier Orders by Region
Table 8: Global Dry Bulk Carrier Orders Market Share by Region (2015)
2.4 Global Dry Bulk Fleet Size by Volume
Table 9: Global Dry Bulk Fleet Size by Volume (2010-2016E)
2.5 Global Dry Bulk Fleet Size by Types of Vessels
Table 10: Global Dry Bulk Fleet Size by Types of Vessels (2010-2016E)
Table 11: Global Dry Bulk Fleet Supply Growth Rate by Types of Vessels (2010-2016E)
Table 12: Global Dry Bulk Carrier Fleet by Age Profile (2015)
2.6 Global Average Scrapping Age of Vessels
Table 13: Global Average Scrapping Age of Vessels (2008-2015)
2.7 Global Dry Bulk Fleet Day Rate by Types of Vessels
Table 14: Global Dry Bulk Fleet Day Rate by Types of Vessels (2010-2017E)
2.8 Global Dry Bulk Newbuild Prices by Vessel Class
Table 15: Dry Bulk Newbuild Prices - Capesize (2006-2014)
Table 16: Dry Bulk Newbuild Prices - Panamax (2006-2014)
Table 17: Dry Bulk Newbuild Prices - Handymax (2006-2014)
Table 18: Dry Bulk Newbuild Prices - Handysize (2006-2014)
3. Dry Bulk Commodity Market
3.1 Global Seaborne Iron Ore Trade by Volume
Table 19: Global Seaborne Iron Ore Trade by Volume (2010-2016E)
3.2 Global Seaborne Coal Trade by Volume
Table 20: Global Seaborne Coal Trade by Volume (2010-2016E)
3.2.1 Seaborne Thermal Coal Exports Share by Region
Table 21: Seaborne Thermal Coal Exports Share by Region (2014)
3.2.2 Seaborne Thermal Coal Imports Share by Region
Table 22: Seaborne Thermal Coal Imports Share by Region (2014)
3.3 Global Seaborne Grain Trade by Volume
Table 23: Global Seaborne Grain Trade by Volume (2010-2016E)
3.4 Global Seaborne Bauxite/Alumina Trade by Volume
Table 24: Global Seaborne Bauxite/Alumina Trade (2010-2016E)
3.5 Global Seaborne Phosphate Rock Trade by Volume
Table 25: Global Seaborne Phosphate Rock Trade (2010-2016E)
3.6 Global Seaborne Minor Bulks Trade by Volume
Table 26: Global Seaborne Minor Bulks Trade (2010-2016E)
4. Dry Bulk Regional Trading
4.1 China Dry Bulk Market
4.1.1 China’s Seaborne Iron Ore Imports by Volume
Table 27: China’s Seaborne Iron Ore Imports by Volume (2008-2014)
4.1.2 China’s Seaborne Coal Imports by Volume
Table 28: China’s Seaborne Coal Imports by Volume (2008-2014)
4.2 Japan Dry Bulk Market
4.2.1 Japan’s Seaborne Iron Ore Imports by Volume
Table 29: Japan’s Seaborne Iron Ore Imports by Volume (2008-2014)
4.2.2 Japan’s Seaborne Coal Imports by Volume
Table 30: Japan’s Seaborne Coal Imports by Volume (2008-2014)
4.3 EU – 25 Dry Bulk Market
4.3.1 EU–25 Seaborne Iron Ore Imports by Volume
Table 31: EU–25 Seaborne Iron Ore Imports by Volume (2008-2014)
4.3.2 EU–25 Seaborne Coal Imports by Volume
Table 32: EU–25 Seaborne Coal Imports by Volume (2008-2014)
4.4 India Dry Bulk Market
4.4.1 Indian Seaborne Coal Imports by Volume
Table 33: Indian Seaborne Coal Imports by Volume (2008-2014)
4.5 Brazil Dry Bulk Market
4.5.1 Brazil Seaborne Iron Ore Exports by Volume
Table 34: Brazil Seaborne Iron Ore Exports by Volume (2008-2014)
4.6 Australia Dry Bulk Market
4.6.1 Australian Seaborne Iron Ore Exports by Volume
Table 35: Australian Seaborne Iron Ore Exports by Volume (2008-2014)
4.6.2 Australian Seaborne Coal Exports by Volume
Table 36: Australian Seaborne Coal Exports by Volume (2008-2014)
4.7 South Korea Dry Bulk Market
4.7.1 South Korean Seaborne Coal Import by Volume
Table 37: South Korean Seaborne Coal Import by Volume (2008-2014)
4.8 Indonesia Dry Bulk Market
4.8.1 Indonesian Seaborne Coal Exports by Volume
Table 38: Indonesian Seaborne Coal Exports by Volume (2008-2014)
4.9 South Africa Dry Bulk Market
4.9.1 South Africa’s Seaborne Coal Exports by Volume
Table 39: South Africa’s Seaborne Coal Exports by Volume (2008-2014)
4.10 Colombia Dry Bulk Market
4.10.1 Colombian Seaborne Coal Exports by Volume
Table 40: Colombian Seaborne Coal Exports by Volume (2008-2014)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Urbanization
Table 41: Global Urban Population (2007-2014)
5.1.2 Accelerating Economic Development
Table 42: Global GDP Growth (2006-2014)
5.1.3 Increase in Global Steel Production
Table 43: Global Crude Steel Production (2007-2014)
Table 44: Global Crude Steel Production by Region (2014)
Table 45: Global Steel Use by Finished Steel Product (2008-2014)
5.1.4 Escalating Iron Industry
Table 46: Global Production of Pig Iron (2007-2014)
5.1.5 Rising Export of Iron Ore from Brazil and Australia
5.2 Trends and Developments
5.2.1 Downturn in the Dry Bulk Charter Market
5.2.2 Containerization of Dry Bulk
5.3 Challenges
5.3.1 Chinese Economic Condition
5.3.2 Act of Piracy
5.3.3 Risk of Oversupply and Cyclicality
6. Competitive Landscape
Table A: Iron Ore Capacity Expansions (2013-2016E)
Table B: Top Global Capesize Fleet Owners
7. Company Profiles
7.1 Diana Shipping, Inc.
7.1.1 Business Overview
7.1.2 Financial Overview
Table 47: Diana Shipping’s Time Charter Revenues and Net Income (2010-2014)
7.1.3 Business Strategies
7.2 Dry Ships, Inc.
7.2.1 Business Overview
Table 48: Dry Ships’s Revenues by Business Segment (2014)
7.2.2 Financial Overview
Table 49: Dry Ships’s Revenues and Net Income (2010-2014)
7.2.3 Business Strategies
7.3 Genco Shipping & Trading Ltd
7.3.1 Business Overview
Table 50: Genco’s Revenue by Business Segments (2014)
7.3.2 Financial Overview
Table 51: Genco’s Revenue and Net Income (2010-2014)
7.3.3 Business Strategies
8. Market Outlook
8.1 Market Forecast
Table 52: Global Seaborne Dry Bulk Trade Forecast (2014-2018E)
8.2 Forecast Methodology
Table C: Dependent & Independent Variables (2010–2014)
8.2.1 Dependent and Independent Variables
8.2.2 Correlation Analysis
Table D: Correlation Matrix
8.2.3 Regression Analysis
Table E: Model Summary – Coefficient of Determination
Table F: Regression Coefficients Output

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