A bulk carrier is a seagoing vessel that is specially designed to transport unpackaged bulk cargo such as grains, coal, ore, and cement in its cargo holds. A dry bulk shipping company such as Golden Ocean Group simply owns a fleet of these ships that it then uses to transport bulk cargo for a customer in exchange for money. As these shipping firms effect the transport of large quantities of these goods across the oceans and between different companies, they are critical to international trade.
The dry bulk shipping industry appears to be quite strong, with slowly increasing global trade volumes.
Time charter rates were broadly lower in the first quarter 2018 compared to the fourth quarter 2017 but this does not appear to be due to lower shipping volume.
The number of Capesize ships in the global fleet is expected to steadily increase over the next few years.

Market Analysis and Insights: Global Dry Bulk Shipping Market
The global Dry Bulk Shipping market size is projected to reach US$ 5066.3 million by 2027, from US$ 4213.8 million in 2020, at a CAGR of 2.6% during 2021-2027.
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Global Dry Bulk Shipping Scope and Market Size
Dry Bulk Shipping market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Dry Bulk Shipping market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Time Charter
Voyage

Segment by Application
Iron Ore
Coal
Grain
Steel Products
Lumber or Log
Other Commodities

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Diana Shipping
Dry Ships, Inc.
Genco Shipping & Trading Ltd
Baltic Trading
Navios Maritime Holdings
Star Bulk Carriers