Question based assignment-Maritime and logistics management
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Transcript of Question based assignment-Maritime and logistics management
Undergraduate Studies in Maritime and Logistics Management
Semester Questions: Four questions Environment-related shipping policies
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Uploaded: April 28, 2016
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Abstract
Dry bulk commodities are those which are shipped in huge amounts in an unpackaged state.
These commodities can be divided into two main groups; major dry bulk and minor dry bulk.
Iron ore, coal and grain are some of the most important and dominant dry bulk goods and
minor dry bulk goods include cement, sugar and steel (Investopedia, 2015).
Developing and developed economies from all over the world has been growing throughout
the last few decades, and a very important feature owing to this growth is the dry shipping
market. International trade is globalization wouldn’t be possible without the support of dry
bulk shipping. Iron ore is the largest constituent of the dry bulk trade, which is followed by
coal and grain. The demand for iron ore has seen a constant growth due to the increased
demand for steel manufacturing in China and Japan. Coal (both thermal and cooking) is also
in high demand for being a chief energy source and an input in the production of steel. While
Asian countries are large consumers of iron ore, Japan is a large consumer of coal. Major
countries that export dry bulk commodities include Australia, Brazil, South Africa, North
America and Indonesia (RESEARCH AND MARKETS, 2014). The rising world population
is a major reason for the increased demand of grains. Thus, taking together the rising
urbanization, improving steel industry, industrialization in numerous economies and
economic development has facilitated the rising demand for iron, coal and grain and hence
the global dry bulk market.