Essay: Dry Bulk Industry
The dry bulk industry had been facing fluctuating demand and as a result no significant investment by the shipping and logistic companies prior to 2002. The decrease in the exports and imports of coffee from Brazil also depicted a poor future for the dry bulk industry after 2003.
However with the changes taking place in the technological and the economic environment pertaining to the development of the countries in the South and East Asia, demand in the dry bulk market has picked up again resulting in increased economic activity in the sector till 2025. This trend has also affected the demand for the Panamax nd Capesize vessels which have increased in their demands.
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