What is a dry bulk shipping company?

What is a dry bulk shipping company?

A dry bulk commodity is a raw material that is shipped in large unpackaged parcels. Dry bulk consists of mostly unprocessed materials that are destined to be used in the global manufacturing and production process.

How much does a dry bulk ship cost?

Bulk freight shipping rates rose from an average of $18,000 a day for Capesize vessels in 2019 to around $34,000 per day. Capesize vessels hold around 180,000 tons and are the most commonly used dry good shipping vessel.

What are the 5 major cargoes of dry bulk shipping?

Dry cargo, including (a) the five major bulk commodities (iron ore, coal, grain, bauxite and alumina, phosphate rock), (b) minor bulks (forest products and the like), (c) containerized trade, (d) general cargo/breakbulk, accounted for the largest share (70.2 per cent).

What does a dry bulk carrier do?

A dry bulk carrier is a vessel designed to carry dry cargoes in bulk. Cargoes such as grains, minerals, iron ore, coal, bauxite, alumina, phosrock etc, but also general cargo such as bagged cargoes, forest products and steel products.

What is considered dry bulk?

From grains to coal and from sugar to cocoa, dry bulk cargoes cover a range of produce and raw materials that have two features in common: they are unpacked and are homogeneous. These two properties make it easier for dry bulk cargoes to be dropped or poured into the hold of a bulk carrier.

Who owns the most bulk carriers?

Greece, Japan, and China are the top three owners of bulk carriers, with 1,326, 1,041, and 979 vessels respectively. These three nations account for over 53% of the world’s fleet. Several companies have large private bulk carrier fleets.