Dry-bulk vessels are large ships specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, steel coils, and cement, in its cargo holds. Unlike tankers that carry liquid products or container ships designed for containerized cargo, dry-bulk vessels are optimized for materials that are loaded, transported, and discharged in a dry condition. These ships come in various sizes, from small coastal vessels to massive Capesize ships that are too large to transit through the Suez or Panama Canals and must instead round the Cape of Good Hope or Cape Horn.
Dry-bulk vessels play a crucial role in the global supply chain, given that many basic commodities are moved via sea routes because of their bulk nature and the cost-effectiveness of waterborne transport. These vessels have specialized hatches and often use onboard cranes or conveyors to load and unload cargo, which can be poured or scooped in and out of the holds. The industry categorizes these ships by their carrying capacity (deadweight tonnage, DWT), with common classes including Handysize, Handymax, Panamax, and Capesize.
Here are two sources where you can find more information about dry-bulk vessels:
1. BIMCO (The Baltic and International Maritime Council) – As one of the largest international shipping associations that provides information on ship types, market analysis, and industry standards, BIMCO is a valuable resource for learning about dry-bulk vessels.
2. The Maritime Executive – The Maritime Executive website features news articles, editorials, and market insights in the maritime industry, including the dry-bulk sector, offering a comprehensive understanding of the operational aspects and market trends related to dry-bulk vessels.
This A.I.-generated glossary is intended to provide a convenient means to understand terminology used on this website in the context of physical commodities trading. Some terms may have alternative and/or expanded definitions that may not be relevant here and thus not included. Sources provided are for reference and not intended to be an endorsement of the broader content on that website. Suggestions, questions, or corrections can be provided in the comment box on definition pages.