A comprehensive study on Indian dry bulk shipping market

Abstract

The dry bulk shipping industry is essential to promoting international trade and bolstering India's economic development, especially in areas like agriculture, steel, and electricity. By examining important commodities like coal, iron ore, and grains as well as vessel classifications like Capesize, Panamax and Handymax, this study investigates the dynamics of the dry bulk shipping business in India. The study explores market patterns, freight rate volatility, infrastructural capacity, environmental laws, and geopolitical factors. Using secondary data from industry reports and scholarly literature, the study evaluates how macroeconomic uncertainty, overcapacity and changes in fuel prices affect freight traffic. Along with an examination of important Indian ports like Paradip and Visakhapatnam, particular attention is paid to how China and India influence world demand. The study also looks at how technology developments and decarbonization initiatives affect operational effectiveness. It concludes with strategic insights and provides business and policy recommendations to improve India's competitiveness in the global dry bulk market through sustainable shipping methods, regulatory reforms and infrastructure development.