The global dry bulk shipping market is anticipated to grow at a compounded annual growth rate (CAGR) of 4.14% during the period spanning 2019 - 2023. The market is expected to be valued at US$402.65 billion in 2023.

The shipping industry faces some very significant challenges over the coming years but has a number of reasons to be cheerful as it enters a new decade, according to accountancy and business advisory firm BDO.