Supply and demand analysis on world shipping market with an insight into dry bulk market

The global economic crises have started to filter through the world shipping market, and freight rates for the dry bulk sector have been in plummeting decline. On demand side is the shrinking demand, while, on the supply side, many carriers are in dire financial straits as there are scores of new ships heading for delivery. In this paper, we give our explanation for the features of the dry bulk market. After the demand and supply analysis of the market, we conduct prediction of the demand trend in 2009 and 2010, and finally we present suggestions for dry bulk shipping companies to help them avoid risks in the current threatening market.