| The international dry & bulk shipping market goes to normal from high in 2005 after having experienced unusual prosperity from 2003 to 2004, therefore, 2005 is called the typical adjustment year. The Baltic Freight Index (BDI) in 2005 is 3371, 1141 lower compared with 4512 in 2004 but 762 higher compared with 2609 in 2003, which is the second highest in history. However, how will the international dry & bulk shipping market develop? Which strategies do shipping enterprises adopt to survive and develop in the ever-changing shipping market? Aiming at the problem, this paper conducts elementary analysis and study.To begin with, the paper sets forth the general situation in the market: analyses the characteristics, current situation, trade flow and main lines of this market. Demand and supply decide whether the market is flourishing or declining, and the freight index manifests the phenomenon. Furthermore, the author analyses the supply and demand situation of the market and introduces the BDI. Besides, according to data in the past, the paper forecasts the development of the market in the coming years, and conducts corresponding analyses. At last, combined with current situation of the shipping market and the analytical result, the author summarizes several suggestions, in hope of having certain practical meaning. |
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