Study On Capesize Carrier Market And Management Strategy

Capesize carrier market is one of the most important components of the international dry bulk shipping market. For the deadweight tonnage of the Capesize carries is very large, so they often carry large quantities and long range of cargo such as coal and iron ore. In recent years, the international trade becomes complicated and changeable because of the finacial crisis. In the form of the derived demand of the international trade, the international dry bulk shipping market has also experienced a big fluctuation. In 2008, the BDI index dropped from the peak point of the history to the bottom of 22 years, which made it very dramatic. In the year of 2009, however, because of the stimulation of the "Chinese factor" and many other positive effects, the international dry bulk shipping market firstly recovered from depression. But the market demand for various kind of cargo has not undergone a fundamental improvement. Unstable and uncertain factors still exist which makes the situation complex and challenging. Since 2010, the newly delivered bulk carriers are mostly Capesize vessels and the market has seen a relatively rapid growth in capacity. Thus, the fluctuation of the Capesize carrier market adds the whole market some uncertainty. At the same point, the number of the construction orders for Capesize vessels of Chinese shipyards accounts half of the global amount. So to study on how to response to the fluctuant dry bulk shipping market and the Capesize carrier market and how to reduce the operational risk of the companies is very essential to the relational companies in our country.Based on the main technical character and aiming at the Capesize carrier shipping market, this paper first dwells on the demand of Capesize carrier's main cargo and forecasts it. Also, it analyses the freight capacity structure of the Capesize vessels and makes a prediction research. Then it analyses the developing trend of the Capesize carriers in the coming several years. Lastly, we propose a suggestion on the management strategy for the shipping companies that operate the Capesize vessels, and thus provide a reference for the relational companies in our country.