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China has gradually become a big energy and resource user in the global scale into the 20th century. China’s iron ore and coal imports are taking rapidly rising shares in global seaborne trade, with “China factors” getting predominant for determining the global dry bulk market. In recent years, the shipping industry has been suffering, and China’s dry bulk shipping market is also changing quietly. This article analyzes the changes of China factors and the resulting impact on the global shipping market from perspectives of industrial chain structures of various cargoes.

The research is available only in the English version.

This paper is extracted from the SRM’s 6th “Italian Maritime Economy” Report .