The Dry Bulk Shipping Sector
The Dry Bulk Shipping Sector is the biggest segment of the maritime industry. It drives economic activities and supports urbanisation, manufacturing and infrastructural growth around the world through the transport of unpackaged, solid raw materials in massive quantities. Without the dry bulk segment, the modern world as we know it, from the steel and cement in our buildings to the grain we consume, would not exist on the present scale.
Dry Bulk commodities can be categorised into two groups: Major Bulks and Minor Bulks. The former are high-volume cargoes including iron ore, grain and coal. The latter includes a wide range of materials such as fertilisers, cement, sugar, salt, steel, bauxite and agricultural products like soybeans.
The Dry Bulk Shipping Market was valued at $162.6 billion in 2023 and was estimated to grow with a CAGR of more than 4% between 2024 and 2032.
The global trade of dry bulk commodities was over 5.6 billion metric tons in 2024, and China imported more than
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