Albany, NY -- (SBWIRE) -- 12/18/2014 -- 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.

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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.

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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.

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