Lack of vision is believed to be the major sources that slow down the shipping industry recovery from economic downturns.This is particularly important for the dry bulk carrier in which the sector is non-substitutable by other transport mode yet requires heavy investment on equipments and daily vessels utilization.That means,theoretically,both operational and strategic decisions are involved.In other industry settings,combining transformational leadership and big five factors can be found in analyzing leaders from both behavioral and emotional aspects.Being the multi-theory analysis to the context may provide some inspirations over the leaders style tendencies,strengths and weaknesses in the shipping industry.In order to stress on the strategic and long term development concern,strategic movement and ethical value measures are also added to the analysis.However,before the significance for each of the factors can be revealed,reliability testing for these constructs needs is a must.This research would like to make use of a dry bulk shipping company with employees and management from different countries(including China,Hong Kong and a number of European countries)as the unit of analysis to find out the items that can be used for the construct development for leadership styles and traits in the industry which have not been revealed from the previous research studies.By using the Cronbachs alpha and split half analysis to measure the reliability of the constructs,it is found that some commonly agreed measures – big five factors cannot be directly applied to the leadership analysis in the shipping industry.Transformational leadership on the other hand provides satisfactory and ready to use constructs for the current context except for the items measuring the contingent reward.Constructs for measuring ethical value and strategic techniques of the leaders are provided based on the expert ideas in the industry.With the disagreement on some of the items,the paper also provides some of the insights for item choice in the suggested muti-theory analysis tools that combine the transformational,big five factors,ethical and strategic measures.