What happens to the dry bulk shipping and shipbuilding markets when world commodity exports are hit by a strong

Question

What happens to the dry bulk shipping and shipbuilding markets when world commodity exports are hit by a strong

decline in commodity prices? How would this affect the shipping freight rate and output level in the short term and the long term?

What would happen to the ship building market? what is the relationship between the shipping and shipbuilding markets?

Microeconomics