TOP 10 Largest shipping companies with bulk carriers

Today the world dry cargo fleet accounts for 40% of all vessels in terms of tonnage and 39.4% in terms of the number of vessels. Let's start the review of the largest bulk companies in maritime logistics
Today the world dry cargo fleet includes 6,225 vessels with a deadweight of more than 10,000 tons and accounts for 40% of all vessels in terms of tonnage and 39.4% in terms of the number of vessels. The total carrying capacity of dry cargo vessels, including smaller ones, is almost 346 million deadweight. Let's start the review of the largest bulk companies in maritime logistics

Biggest dry bulk shipping companies (with bulk carriers)

10. Navios Maritime Partners

Navios Maritime Partners
Navios Maritime Partners L.P. (Navios Partners) is a leading dry cargo platform with a modern diversified fleet of bulk carriers and container ships. Navios Partners is a public limited partnership listed on the New York Stock Exchange under the symbol "NMM".

9. Eagle Bulk Shipping Inc

Eagle Bulk Shipping Inc
Eagle Bulk Shipping Inc. ("Eagle" or "Company") (NASDAQ: EGLE) is a fully integrated ship-owner-operator based in the United States and operates in the global transport of dry bulk cargo.

Headquartered in Stamford, Connecticut with offices in Singapore and Copenhagen, Eagle specializes exclusively in the midsize bulk carrier segment and owns one of the world's largest Supramax / Ultramax vessels. The company provides all management services, including: strategic, commercial, operational, technical and administrative.

Supramax / Ultramax vessels are considered the most versatile among the various types of dry cargo vessels due to their size and technical characteristics. With a deadweight (DWT) of 50 to 65 thousand metric tons and a length of about 200 meters, our vessels can handle large volumes of cargo and call at the vast majority of ports around the world. In addition, all of our vessels are equipped with onboard cranes and grapples, giving vessels the ability to load and unload cargo without the need for onshore port equipment / infrastructure.

The company provides transportation solutions to a diverse group of clients, including miners, manufacturers, traders and end users. Typically transported goods include both large bulk cargoes (coal, grain and iron ore) and small ones (fertilizers, steel products, petroleum coke, cement, timber products, etc.). Please visit the Industry page for a more detailed description of vessel types and tanker cargoes.

8. Genco Shipping & Trading Ltd

Genco Shipping & Trading Ltd
Genco Shipping & Trading Limited is a leading provider of international dry cargo shipping services. We transport iron ore, coal, grain, metal products and other bulk cargoes on world routes. Our wholly owned modern and diverse dry cargo fleet consists of the Capesize, Ultramax and Supramax vessels, which provide an important link in international trade.

7. Euronav

Euronav provides comprehensive transport services to complement its large tanker fleet. The company is the successor to the owner of the tanker European Navigation Company Ltd, an Isle of Man company registered by the Compagnie Nationale de Navigation (CNN), at the time a subsidiary of the Worms Group. In 1995, European Navigation Company Ltd sold the vessels, subsidiaries, crewing and technical, management companies and the reputation of Euronav Luxembourg NV to form a joint venture between CNN and Compagnie Maritime Belge (CMB). In 1997, CMB acquired CNN and transferred Euronav Luxembourg NV into full ownership of CMB. Thus, Euronav became a fully owned tanker division of CMB.

At the time, CMB was and continues to be controlled by the Belgian Saveris family.

On September 11, 2020, Nordea provided Euronav with a USD 713 million credit line with the first withdrawal on October 15, 2020. It consists of a revolving facility of up to US $ 469 million and a term loan of up to US $ 244 million.

6. Star Bulk

Star Bulk
Star Bulk is an international shipping company providing high quality bulk cargo transportation services. When fully completed, Star Bulk's fleet will consist of 128 state-of-the-art, world-class shipyards with an average age of around 9.3 years. Our fleet is very diverse, from Supramax vessels to Newcastlemax vessels, with a total capacity of over 14 million DWT.

Star Bulk ships carry large cargoes, including iron ore, minerals and grain, and small cargoes such as bauxite, fertilizers and steel products. We ship over 60 million metric tons of cargo worldwide annually; safe, efficient and environmentally friendly. Star Bulk is one of the most efficient shipping companies in the global human rights risk ranking.

Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and has administrative offices in Athens, Greece, and Limassol, Cyprus. Its common shares are listed on the Nasdaq Global Select Market under the ticker SBLK.

Star Bulk also owns Star Bulk (Singapore) Pte. Ltd, a Singapore-based company that serves the end user by linking the origin to the bulk cargo destination.

5. Golden Ocean Group Ltd

Golden Ocean Group Ltd
Golden Ocean Group is a Norwegian dry bulk transport company registered in Bermuda. The company was established as part of Frontline in 2004 and is listed on the Oslo Stock Exchange. 35% of the company is owned by John Fredriksen.

The fleet consists of 24 own vessels (20 under construction), 22 chartered vessels (7 with the option of purchase), 7 bareboat vessels (all with the option of purchase), 10 vessels under commercial management (8 oil tankers, two size vessels under construction ) and 9 sold when delivered to the yard. 16 of them are capesize, 56 are panamax, of which 1 capesize and 8 panamax are sold upon delivery from the shipyard.

The fleet is managed by the Norwegian company Golden Ocean Group Management AS, headed by Herman Billung.

4. Castor Maritime

Castor Maritime Inc. - shipping company.

The company was founded on September 12, 2017.

Offices are located in Limassol, Cyprus.
Castor Maritime

3. Matson Inc

Matson Inc
Matson, Inc. is an American shipping company founded in 1882.

Matson, Inc.'s subsidiary, Matson Navigation Company, provides shipping services across the Pacific Ocean to Hawaii, Alaska, Guam, Micronesia, the South Pacific, China and Japan.

Matson acquired the historic Moana Hotel (now part of the Moana Surfrider Hotel Complex) and the Royal Hawaiian Hotel in Waikiki, Oahu in 1932.

Matson, primarily a freighter, has commissioned several passenger liners to capitalize on the growing tourist trade. In 1926, Matson became the owner of the Oceanic Steamship Company, which operates three trans-Pacific liners, including Sonoma.

From the early 20th century to the 1970s, Matson liners sailed from West Coast ports of San Francisco and Los Angeles to Honolulu and other destinations, including several ports of call in the South Pacific, as well as Sydney, Australia and Auckland, New Zealand. Their two earlier freighters, the Maui and Wilhelmina, were the first passenger ships to have engines aft.

2. Kirby Corporation

Kirby Corporation
Kirby Corporation, headquartered in Houston, Texas, is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River system, the in-rib waterway of the Persian Gulf, along all three coasts of the United States, and Alaska and in Hawaii. Products carried by Kirby include petrochemicals, fuel oil, refined petroleum products and agricultural chemicals on tank barges. Kirby also owns and operates eight ocean-going barges and tugs carrying bulk cargo in the United States coastal trade.

Through the Kirby Diesel Engine Services segment, Kirby is an aftermarket supplier of medium and high speed diesel engines, gearboxes and ancillary products for shipbuilding and power generation. Kirby also acts as a distributor and service provider for high-speed diesel engines, transmissions, pumps and compressor products, and manufactures and retrofits oilfield service equipment, including injection pumping units, for the onshore injection and service markets.

Kirby Inland Marine operates the country's largest fleet of tank barges and inland tugs.

Kirby's service area spans America's inland waterway network, including the Persian Gulf Coastal Waterway, Mississippi River System, Illinois River, Ohio River, and other waterways. Kirby operates 884 active inland tank barges, 251 active tugboats and five fleets.

1. Zim Integrated Shipping Services LTD

Mitsui OSK Lines
Zim Integrated Shipping Services Ltd., commonly known as ZIM, is a publicly owned Israeli international freight shipping company and one of the world's twenty largest carriers. The company is headquartered in Haifa, Israel; it also has a North American headquarters in Norfolk, Virginia. Founded in 1945, ZIM has traded on the New York Stock Exchange since 2021. From 1948 to 2004, it traded as the ZIM Israel Navigation Company.

ZIM was founded on June 7, 1945 as ZIM Palestine Navigation Company Ltd by the Jewish Agency, the Israel Maritime League and Histadrut (General Federation of Workers of the Land of Israel). The first ship was acquired in partnership with Harris and Dixon (based in London) in 1947. This vessel was repaired, renamed SS Kedma and departed for the future state of Israel in the summer of 1947. In 1948 the company was renamed ZIM Israel Navigation Company Ltd. In the early years, its main task was to transport hundreds of thousands of immigrants to the developing state. Some of the other ships that had been used for clandestine immigration prior to the formation of Israel as a state were confiscated by the British Mandate and later joined the company's fleet. The company continued to purchase new ships, including SS Negba, SS Artza and SS Galila.

In 2004, the Israel Corporation (which is controlled by the Ofer Brothers Group) acquired a 49% stake in ZIM held by the Israeli government, becoming the sole owner of the company. The new official name after privatization became ZIM Integrated Shipping Services. The deal to buy about five hundred million new Israeli shekels was heavily criticized by the press and the Israeli Comptroller of the State as it was underestimated and turned into another convenient company. In 2007, ZIM sold its offshore logistics and forwarding subsidiary NewLog to UTi Worldwide.

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