Dry Bulk Primer

There are four main, largely independent sectors within cargo shipping

 

Bulk Carriers

Iron ore, coal, grains, potash, fertilizers, cement, bauxite



Tankers

Crude oil and products, chemicals, vegetable oils



Container Ships

Dry container boxes, refrigerated, tanks



LNG Carriers

Liquefied Natural Gas





Our Focus: Dry-Bulk

Bulk carriers are categorized by their total cargo capacity, measured in Deadweight Tonnage (DWT)



  • While flexible in terms of loading specific cargo, bulk carriers do show an affinity to specific commodities and trade routes depending on capacity

  • There are four main types of vessels that operate in the dry-bulk segment: Capesize, Panamax, Supramax, Handysize


Vessel Comparison

Bulk carriers are usually identified by DWT capacity (size), country of construction, and delivery year





  • Shipyard reputation, vessel particulars, dry-dock history, and numerous other factors affect vessel valuation

  • Despite some variability, a bulk carrier still is a “commodity” that carries another commodity and has a verifiable market value