Bulk Shipping Industry

The bulk shipping industry involves transporting large quantities of raw materials like coal, iron ore, grain, and minerals using specialized cargo ships called bulk carriers. These ships are designed to carry unpackaged bulk goods efficiently across oceans and seas. The industry is vital for global trade, connecting resource-rich regions with manufacturing hubs. It operates on a freight market where shipping companies and clients negotiate rates based on cargo size, route, and market conditions. The industry is influenced by economic demand, commodity prices, and geopolitical factors, playing a key role in fueling industries worldwide.