The global Dry Bulk Shipping Market is projected to surge from USD 174.61 billion in 2025 to USD 294.75 billion by 2034, growing at a CAGR of 5.99% during the forecast period. Increasing residential construction activities in countries like the U.S., India, and China, along with robust investments in the marine industry, are driving the market’s expansion.
This article provides a comprehensive analysis of the market’s size, demand, and trends while highlighting major companies shaping the dry bulk shipping industry.
Dry Bulk Shipping Market Highlights
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Asia Pacific Dominance: Asia Pacific accounted for the largest market share, supported by active trade routes and strong infrastructure development.
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North America Growth: North America is expected to register a significant CAGR due to growing construction material demand and port expansions.
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By Vessel Type: The Capesize segment led the market, attributed to its ability to transport large quantities of bulk commodities across oceans.
Key Companies in the Dry Bulk Shipping Market
Below are the leading companies operating in the dry bulk shipping market, with insights into their operations, product offerings, and market performance.
1. Bahri
About: The National Shipping Company of Saudi Arabia (Bahri) is a global leader in logistics and transportation services, headquartered in Riyadh.
Products: Bahri operates a fleet of dry bulk carriers, crude oil tankers, chemical tankers, and Ro-Ro vessels.
Market Cap: Approx. USD 5.1 billion.
2. Diana Shipping Inc.
About: A Greece-based dry bulk shipping company focusing on the ownership and operation of a fleet transporting commodities like coal, grain, and iron ore.
Products: Specializes in Panamax, Capesize, and Post-Panamax vessels.
Market Cap: Approx. USD 1.2 billion.
3. Eagle Bulk Shipping Inc.
About: Eagle Bulk Shipping, headquartered in Stamford, Connecticut, is a leading owner-operator of dry bulk vessels globally.
Products: Operates a fleet of Supramax and Ultramax vessels designed for versatile dry bulk cargo handling.
Market Cap: Approx. USD 600 million.
4. Eurodry Ltd.
About: Eurodry Ltd. provides ocean-going transportation services for dry bulk cargo, with a strong presence in international markets.
Products: Focuses on Panamax and Kamsarmax vessels for commodities shipping.
Market Cap: Approx. USD 100 million.
5. Euronav
About: Euronav is one of the world’s largest independent tanker companies but also has a strategic presence in dry bulk shipping.
Products: Operates a diversified fleet for liquid and dry commodities.
Market Cap: Approx. USD 3.8 billion.
6. Fednav
About: Canada-based Fednav is the largest international dry bulk shipping group in Canada, operating globally.
Products: Manages an extensive fleet of handysize, handymax, and ice-class vessels.
Market Cap: Privately held (financials not publicly disclosed).
7. Genco Shipping & Trading Limited
About: Headquartered in New York, Genco Shipping owns and operates dry bulk vessels worldwide.
Products: Offers a fleet of Capesize, Ultramax, and Supramax vessels.
Market Cap: Approx. USD 850 million.
8. Pacific Basin Shipping Limited
About: Based in Hong Kong, Pacific Basin is a leading owner and operator of modern Handysize and Supramax dry bulk vessels.
Products: Specializes in minor bulk shipping, including grains, ores, and coal.
Market Cap: Approx. USD 1.9 billion.
9. Safe Bulkers, Inc.
About: Safe Bulkers is a Greece-based provider of marine dry bulk transportation services, operating globally.
Products: Operates a fleet of Capesize, Panamax, and Kamsarmax vessels.
Market Cap: Approx. USD 500 million.
10. Star Bulk Carriers
About: Star Bulk Carriers, headquartered in Athens, Greece, is among the world’s largest dry bulk shipping companies.
Products: Fleet includes Capesize, Panamax, and Ultramax vessels.
Market Cap: Approx. USD 2.3 billion.
11. Ultrabulk
About: Part of Denmark’s Ultranav Group, Ultrabulk specializes in global transportation of dry bulk commodities.
Products: Operates handysize to panamax vessels, with a strong presence in the Atlantic and Pacific trades.
Market Cap: Privately held (financials not publicly disclosed).
Market Outlook
The dry bulk shipping market is poised for robust growth, fueled by increasing global trade, rising construction demand, and modernization of shipping fleets. Key players continue to invest in energy-efficient vessels and advanced navigation technologies to strengthen their market positions.
Source : https://www.towardsautomotive.com/insights/dry-bulk-shipping-market-sizing