Metal industry driving force behind fast growth in dry bulk shipping demand.

According to MarketReportsOnline.com the demand for steel in 2015 will grow at a tremendously fast pace. This fast paced growth will consequently send the dry bulk shipping sector a boost that will drive up the demand growth for that industry. In the research report of 56 pages published by MarketReportsOnline.com it states that Iron ore and coal will be the driving forces behind the anticipated growing demand for dry bulk shipping.

The dry bulk shipping industry is predicted to have a much better year in 2015. Growth rates for the first quarter of this year are expected to be higher than they were in 2014. The global dry bulk shipping industry holds an essential place in maritime transport, carrying large volumes of unpacked products. These products are carried in 20 feet bulk containers, that can carry up to 192 tons of bulk goods.

The latest innovation on these containers, like the one designed by Shanghai Metal Corporation, offer fast and efficient ways to load the bulk goods via the roof and unload through the latch on the bottom of the front door.
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By Youssef el Issaoui//SMC Editor

Credits: SMC website, Google Images