Abstract
Despite economic recession, the fundamentals of the dry bulk industry remain
attractive with demand for dry bulk commodities continue to be positive.
The primary driver for the dry bulk shipping industry continues to be
sustained demand in East Asia led by strong demand for commodities in China
and increasingly India.
China' s infrastructure building programs as per its 11th Five Year Plan will
continue to drive demand for steel and that in turn will stimulate demand for
iron ore and coal. Driven by infrastructure spending by the government, over
time, China has become the epicenter of dry bulk demand.
With China' s import of 457.8 million tonnes of iron-ore, coal and grain in the
year 2007 and its steel production increasing by 16.5% in the same year, the
global dry bulk industry is expected to continue its growth momentum, albeit
at a slower rate in the next few years.
Further with high growth of Indian economy and scarcity of its natural
resources, India is likely to continue its demand for dry bulk commodities.
The demand for two commodities - coal and iron ore will drive the dry bulk
industry in the near future. As the demand for steel is growing, especially in
the Asian countries, iron ore is expected to see the highest growth among the
dry bulk commodities. Further, coal is also likely to be much-in-demand
commodity with new power plants being installed in the Asian countries.
The report analyzes the global seaborne dry bulk industry with a focus on
major commodities like iron ore, coal and grain. It assesses the factors that
are influencing the demand and supply of dry bulk vessels. Further, the major
growth drivers that will have an impact on the future growth of the dry bulk
industry have been analyzed in the report. The competitive landscape of the
dry bulk shipping industry has been presented in the report with a focus on
six leading carriers including DryShips, Diana Shipping, Excel Maritime,
Navios Maritime, Genco Shipping and Eagle Bulk.
Table of Contents
1. Dry Bulk Shipping: Industry Structure
- 1.1 Industry Definition
- 1.2 Categories of Dry Bulk Carrier Fleet
2. Dry Bulk Shipping: Market Analysis
- 2.1 Market Size and Growth
- 2.2 Freight Rates and Baltic Dry Index
3. Dry Bulk Seaborne Trade: Major Commodities
- 3.1 Coal
- 3.2 Iron Ore
- 3.3 Grain
- 3.4 Minor Bulks
4. Demand and Supply of Dry Bulk Vessels
- 4.1 Dry Bulk: Supply - Demand Imbalance
- 4.2 Factors influencing supply and demand of vessels
- 4.3 Dry Bulk vessel capacity
- 4.4 Charter hire rates
5. Growth Drivers
- 5.1 Robust Expansion of Emerging Countries
- 5.2 Asia - a major demand driver
- 5.3 China' s infrastructure expansion
- 5.4 India' s economic growth
6. Competitive Landscape
- 6.1 Fleet ownership
- 6.2 Consolidation opportunities
- 6.3 Leading Dry Bulk Carriers: Comparative Analysis
7. Company Analysis
- 7.1 DryShips
- 7.1.1 Company Description
- 7.1.2 Fleet Size
- 7.1.3 Major Customers
- 7.2 Diana Shipping
- 7.2.1 Company Description
- 7.2.2 Fleet Size
- 7.2.3 Major Customers
- 7.3 Excel Maritime
- 7.3.1 Company Description
- 7.3.2 Fleet Size
- 7.3.3 Major Customers
- 7.4 Navios Maritime
- 7.4.1 Company Description
- 7.4.2 Fleet Size
- 7.4.3 Major Customers
- 7.5 Genco Shipping
- 7.5.1 Company Description
- 7.5.2 Fleet Size
- 7.5.3 Major Customers
- 7.6 Eagle Bulk
- 7.6.1 Company Description
- 7.6.2 Fleet Size
- 7.6.3 Major Customers
8. Industry Outlook
Tables and Figures
- Major World Seaborne Trade Categories: 2007
- World Dry Bulk Seaborne Trade Volume: 2003 - 2007
- World Dry Bulk Seaborne Trade Volume Growth: 2003 - 2007
- Baltic Dry Index Movement: 2007 versus 2008
- World Seaborne Dry Bulk Trade of Major Commodities: 2003-2007
- World Seaborne Dry Bulk Trade- Share of Major Commodities: 2007
- Global Seaborne Coal (Thermal & Coking) Trade: 1996-2006
- Global Steel production: 2001 - 2007
- Exports of wheat from US to major countries: 2008
- Breakdown of seaborne minor bulk trade: 2007
- Global dry bulk shipping: Supply and demand growth: 2001-2007
- Global dry bulk fleet by vessel type: 2007
- Time charter rates by vessel type
- GDP growth: Emerging and advanced economies: 2000-2010
- Dry bulk - Regional breakdown of imports: 2007
- China' s planned infrastructure investment - 11th Five year plan
- China' s iron ore imports: 2005 - 2010
- India' s dry bulk trade by vessels: 2005 - 2007
- Fleet ownership: Percentage share of vessels
- Ownership of shipping capacity by vessel type
- Leading dry ship carriers - Market Capitalization
- Leading dry ship carriers - Earnings (2007)
- Leading dry ship carriers - Ownership Stakes
- Leading dry ship carriers - Weighted average fleet age
- Global Seaborne Dry Bulk Trade Forecast: 2008-2009
- World Dry Bulk Trade of Major Commodities - Forecast: 2008-2009
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