# US Dry Bulk Shipping Market

> US Dry Bulk Shipping Market Research Report By Type (Capesize, Panama, Supramax, Handysize, Others) and By Application (Iron Ore, Coal, Grains, Bauxite/Alumina, Phosphate Rock, Others) - Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 3.08%
- **2024:** $ 786.24 Million
- **2025:** $ 810.46 Million
- **2035:** $ 1,098 Million
- **Key Players:** Diana Shipping Inc (GR), Star Bulk Carriers Corp (GR), Safe Bulkers Inc (GR), Navios Maritime Partners L.P. (GR), Oldendorff Carriers GmbH & Co. KG (DE), Pacific Basin Shipping Limited (HK), China Merchants Energy Shipping Company Limited (CN), Hapag-Lloyd AG (DE)

**Report ID:** MRFR/PCM/14228-HCR · **Pages:** 100 · **Author:** Snehal Singh · **Last Updated:** April 06, 2026

**URL:** https://www.marketresearchfuture.com/reports/us-dry-bulk-shipping-market-15755

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## Market Summary

## **US Dry Bulk Shipping Market Overview**

The US Dry Bulk Shipping Market Size was estimated at 756 (USD Million) in 2023. The US Dry Bulk Shipping Industry is expected to grow from 774(USD Million) in 2024 to 1,160 (USD Million) by 2035. The US Dry Bulk Shipping Market CAGR (growth rate) is expected to be around 3.747% during the forecast period (2025 - 2035).

### **Key US Dry Bulk Shipping Market Trends Highlighted**

The US Dry Bulk Shipping Market is currently experiencing several important trends. A key market driver is the robust demand for commodities such as coal, grain, and cement, which has been bolstered by both domestic consumption and export needs. The US agricultural sector, being one of the largest producers of grains, is a significant contributor, especially with the ongoing demand from international markets.

Additionally, tightening regulations related to environmental compliance are pushing shipping companies to adopt greener technologies and practices, which is enhancing operational efficiency while also responding to consumer and governmental demands for sustainability.Opportunities to be explored in the US market include the expansion of port infrastructures and services to accommodate larger vessels. This could lead to increased throughput and shorter turnaround times, benefiting both shippers and stakeholders in the supply chain. Furthermore, leveraging advancements in digital technologies for better fleet management and logistics optimization can improve service delivery and reduce operational costs.

Trends in recent times have also indicated a noticeable shift toward increased collaborations among shipping companies, ports, and logistics providers. These partnerships can facilitate more agile and effective responses to changing market conditions, particularly in adapting to supply chain disruptions.The impact of domestic policies on trade agreements and tariffs is also notable, as they can directly influence shipping volumes and routes. Generally, the US Dry Bulk Shipping Market is adapting to these dynamics while positioning itself for future growth and sustainability.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

## **US Dry Bulk Shipping Market Drivers**

The US Dry Bulk Shipping Market Industry is driven by an increasing demand for bulk commodities such as coal, iron ore, and agricultural products. According to the United States Department of Agriculture, the nation's agricultural exports are projected to exceed 145 billion USD by 2024, reflecting a steady 10% increase over the previous years.

This growth directly boosts the demand for bulk shipping as more agricultural produce needs to be transported globally.Additionally, the US Energy Information Administration indicates that coal shipment, despite facing competition from natural gas, is anticipated to hold significant value in the market due to ongoing domestic consumption. These factors contribute to the positive trajectory of the US Dry Bulk Shipping Market, showing robust resilience amidst fluctuating prices and changing consumer preferences.

### **Infrastructure Development Initiatives**

The US Dry Bulk Shipping Market Industry benefits greatly from the government's continuous investment in port and maritime infrastructure. Recent initiatives, such as the Bipartisan Infrastructure Law, allocate significant fundingestimated at around 62 billion USD for port infrastructure improvementsfacilitating modernized facilities and enhanced shipping capabilities. Enhanced infrastructure leads to increased efficiency in loading and unloading bulk commodities, subsequently increasing throughput and the attractiveness of US ports for international trade.With ports implementing advanced technologies for handling dry bulk, the shipping industry is better positioned for growth.

### **Shifts in Trade Policies**

Changes in trade policies impact the US Dry Bulk Shipping Market Industry significantly. The recent emphasis on reshoring and strengthening domestic manufacturing has led to increased transportation of raw materials and components. The Biden Administration's focus on revitalizing the American manufacturing sector has prompted a surge in imports of raw materials necessary for production. Consequently, trade agreements and tariffs directly influence the volume of bulk goods shipped.This contributes to a stable demand for dry bulk shipping services as manufacturers rely on efficient transportation networks to secure their supply chains.

## **US Dry Bulk Shipping Market Segment Insights**

### **Dry Bulk Shipping Market Type Insights**

The US Dry Bulk Shipping Market is a critical component of the global trade and supply chain, characterized by its diverse Types that cater to various shipping needs. This market segment comprises several categories including Capesize, Panama, Supramax, Handysize, and Others, each serving distinct purposes based on cargo capacity, size constraints, and operational efficiencies. Capesize vessels are particularly significant for transporting iron ore and coal to the United States, which largely supports the domestic steel industry and energy sectors. These vessels, due to their large carrying capacity, often dominate the market when it comes to cost-effectiveness for specific bulk commodities.

Conversely, the Panama segment plays an essential role in facilitating transit through the Panama Canal, benefiting from moderate cargo capacity and allowing for greater flexibility in shipping routes, connecting U.S. ports to global markets. Supramax ships are noted for their versatility, being able to navigate shallower ports, which enhances their operational reach. This flexibility allows Supramax vessels to cater effectively to various trade routes and cargo types, positioning them as a major player in the U.S. Dry Bulk Shipping Market.

Meanwhile, Handysize vessels are highly favored for their ability to access a wider range of ports, especially where larger ships cannot dock. Their significance in the shipping of smaller bulk commodities ensures that they maintain a steady demand within regional trade, making them an indispensable part of the U.S. shipping landscape. Additionally, the 'Others' category encompasses various vessel types that fulfill specific shipping demands, which may include specialized carriers designed for niche markets and commodities. This segment reflects market adaptability and the capacity to handle diverse shipping needs within the United States.

Trends in the US Dry Bulk Shipping Market have shown a steady increase in demand due to growing industries, such as agriculture, construction, and energy, specifically within the United States. The competitive shipping timelines and the push towards efficiency are driving advancements in operational strategies and vessel technology across these Types. Moreover, regulatory pressures and environmental considerations are shaping industry practices, influencing vessel design and operational maintenance standards, ensuring sustainability while also addressing challenges such as fluctuating fuel prices and port congestion.

Overall, the dynamics within the Type segment of the US Dry Bulk Shipping Market reflect the importance of adaptability, efficiency, and responsiveness to global trade patterns while providing a robust platform for domestic and international economic activities.

Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review

### **Dry Bulk Shipping Market Application Insights**

The US Dry Bulk Shipping Market, particularly in the Application segment, showcases diverse opportunities across various materials. Key components such as Iron Ore and Coal play a vital role in supporting the steel production and energy generation industries, fundamental to the nation's infrastructure and economic growth. Grains constitute a significant part of the agricultural exports, influencing food supply chains both domestically and globally. Additionally, Bauxite/Alumina is essential for aluminum production, which is critical in manufacturing sectors and aerospace applications.Phosphate Rock, vital for fertilizers, underscores the importance of dry bulk shipping in sustaining agricultural productivity.

While each material contributes uniquely, the demand for these resources continues to shape the dynamics of the US Dry Bulk Shipping Market, driven by factors including industrial growth, energy needs, and agricultural expansion. Furthermore, as global trade patterns evolve, the efficiency and capacity of the shipping industry are set to adapt, enhancing operational capabilities to meet the logistics requirements of these essential goods.Overall, the Application segment remains a cornerstone in the market, illustrating its significant contributions to both national and global economies.

## **US Dry Bulk Shipping Market Key Players and Competitive Insights**

The US Dry Bulk Shipping Market is characterized by a competitive landscape shaped by various shipping companies vying for dominance in transporting essential commodities such as coal, iron ore, and grain. This sector plays a crucial role in facilitating international trade and domestic logistics, impacting several industries reliant on these raw materials. The market is influenced by factors such as global economic trends, regulatory changes, and fluctuations in commodity prices, which create both challenges and opportunities for players within the industry.

Participants in the market employ different strategies, such as fleet expansion, technological advancements, and partnerships, to enhance their operational efficiency and maintain competitiveness in an evolving marketplace.Star Bulk Carriers has established itself as a formidable player in the US Dry Bulk Shipping Market, boasting a diverse fleet that includes a wide range of vessel sizes to cater to varying cargo needs. The company’s strengths lie in its operational efficiency, robust fleet management, and commitment to maintaining high safety and environmental standards.

Star Bulk Carriers has strategically focused on optimizing its shipping routes and leveraging advanced technologies to enhance performance and reduce operational costs. This approach has allowed the company to maintain a competitive edge, solidifying its presence in the market and positioning itself as a reliable partner for clients seeking dependable dry bulk shipping solutions.Diana Shipping operates prominently within the US Dry Bulk Shipping Market, offering a range of services focused on the transportation of dry bulk commodities. The company's strengths are bolstered by its modern fleet, consisting of various vessel types designed to meet the diverse needs of its clientele.

Diana Shipping has engaged in strategic mergers and acquisitions that have expanded its market reach and enhanced its service capabilities. The company emphasizes sustainability and operational efficiency, positioning itself favorably in a market where environmental considerations are increasingly important. Additionally, Diana Shipping's commitment to high-quality service delivery has fostered strong relationships with key customers and helped maintain a solid reputation within the US dry bulk shipping industry.

### **Key Companies in the US Dry Bulk Shipping Market Include**

## **US Dry Bulk Shipping Market Industry Developments**

Recent developments in the US Dry Bulk Shipping Market have shown a notable shift, with significant focus on major players such as Star Bulk Carriers, Diana Shipping, and Genco Shipping and Trading. In December 2022, Diana Shipping announced a strategic acquisition of two vessels to bolster its fleet, enhancing its capacity in a recovering market. Echoing this trend, Star Bulk Carriers has reported a strong increase in revenue, attributed to rising global demand for commodities, particularly as supply chain disruptions continue to ease.

In 2023, the US Maritime Administration projected that imports of raw materials would rise due to increased infrastructure projects. Moreover, in September 2022, Eagle Bulk Shipping launched a new strategy focused on eco-friendly practices, significantly impacting its operational efficiencies. As of August 2023, the market witnessed a surge in valuations due to tightened shipping capacities and renewed interest in dry bulk commodities, fostering a competitive environment among carriers such as Matson, MOL Dry Bulk, and Zim Integrated Shipping Services.

This revitalization is partly driven by international trade agreements aiming to stabilize commodity supply chains in the US, thereby benefiting the entire sector.

## **US Dry Bulk Shipping Market Segmentation Insights**

### **Dry Bulk Shipping Market Type****Outlook**

### **Dry Bulk Shipping Market Application****Outlook**

## Market Drivers

### Shifts in Trade Patterns

The dry bulk-shipping market is influenced by shifts in trade patterns, particularly as the US engages in new trade agreements and partnerships. Changes in tariffs and trade policies can significantly affect the flow of bulk commodities. For instance, the recent trade agreements with various countries may open new markets for US agricultural products, leading to increased shipping volumes. In 2025, it is anticipated that exports of grains could rise by 10%, directly impacting the dry bulk-shipping market. Additionally, the diversification of supply chains may prompt companies to seek alternative shipping routes, further altering demand dynamics. As these trade patterns evolve, the dry bulk-shipping market must adapt to capitalize on emerging opportunities while navigating potential challenges associated with geopolitical shifts.

### Regulatory Changes and Compliance

The dry bulk-shipping market is significantly impacted by evolving regulatory frameworks aimed at enhancing environmental sustainability and safety standards. In recent years, the US has implemented stricter regulations regarding emissions and waste management for shipping vessels. Compliance with these regulations often necessitates investments in cleaner technologies and operational practices. For instance, the introduction of the IMO 2020 sulfur cap has compelled shipping companies to adapt, which may increase operational costs. However, these changes also present opportunities for the dry bulk-shipping market to innovate and differentiate services. Companies that proactively embrace compliance measures may gain a competitive edge, potentially attracting clients who prioritize sustainability. As regulations continue to evolve, the dry bulk-shipping market must remain agile to navigate these challenges while capitalizing on the associated opportunities.

### Increased Demand for Raw Materials

The dry bulk-shipping market experiences heightened demand for raw materials, driven by various sectors such as [construction](https://www.marketresearchfuture.com/reports/construction-market-16065), agriculture, and manufacturing. As the US economy continues to expand, the need for commodities like iron ore, coal, and grains surges. In 2025, the demand for iron ore alone is projected to increase by approximately 5%, which directly influences shipping volumes. This trend indicates that the dry bulk-shipping market is likely to benefit from increased cargo loads, thereby enhancing shipping rates and overall profitability. Furthermore, the construction sector's growth, fueled by infrastructure projects, further amplifies the need for bulk shipping services. Consequently, the dry bulk-shipping market is poised to capitalize on this rising demand, potentially leading to a more robust shipping environment in the coming years.

### Infrastructure Development and Upgrades

Infrastructure development plays a crucial role in shaping the dry bulk-shipping market. The US government has prioritized investments in port facilities and transportation networks to enhance efficiency and capacity. In 2025, the allocation of federal funds for port upgrades is expected to exceed $2 billion, aimed at modernizing terminals and improving logistics. These enhancements are likely to facilitate smoother operations, reduce turnaround times, and ultimately lower shipping costs. As ports become more capable of handling larger vessels, the dry bulk-shipping market stands to benefit from increased throughput and reduced congestion. This infrastructure investment not only supports the current demand but also positions the industry for future growth, as it can accommodate larger cargo volumes and more diverse shipping routes.

### Technological Integration and Automation

The integration of advanced technologies and automation is transforming the dry bulk-shipping market. Innovations such as digital platforms for logistics management and automated cargo handling systems are becoming increasingly prevalent. These technologies enhance operational efficiency, reduce human error, and lower costs. In 2025, it is projected that the adoption of automation in shipping operations could lead to a 15% reduction in operational costs for companies. Furthermore, the use of data analytics allows for better decision-making regarding routing and scheduling, optimizing shipping processes. As the dry bulk-shipping market embraces these technological advancements, it is likely to see improved service delivery and customer satisfaction. The ongoing trend towards digitalization may also attract new entrants to the market, fostering competition and innovation.

## Future Outlook

The dry bulk-shipping market is projected to grow at a 3.08% CAGR from 2025 to 2035, driven by increased demand for raw materials and efficient logistics solutions.

**New opportunities:**

- Investment in eco-friendly vessel technologies to reduce emissions.
- Development of integrated logistics platforms for real-time tracking.
- Expansion of port infrastructure to accommodate larger vessels.

By 2035, the market is expected to achieve robust growth, driven by innovation and strategic investments.

## Segment Insights

### By Type: Capesize (Largest) vs. Supramax (Fastest-Growing)

In the US dry bulk-shipping market, the Capesize segment holds a significant share, being the largest among its peers, primarily due to its ability to transport massive quantities of iron ore and coal. Capesize vessels dominate long-haul routes, providing economies of scale that enhance their competitiveness. Conversely, the Supramax segment, while smaller in size, is gaining traction due to its versatility and suitability for a wide range of bulk materials. This adaptability allows Supramax vessels to cater to niche markets and smaller ports.

Growth trends in the segment are markedly driven by increasing demand for iron ore and coal in various industries, particularly in the construction and manufacturing sectors. Additionally, the rise in global trade and the need for efficient shipping solutions further bolster the prospects of the Supramax segment. As environmental regulations tighten, the market is witnessing a shift towards more fuel-efficient and technologically advanced vessels, particularly in the Supramax category.

Capesize (Dominant) vs. Supramax (Emerging)

Capesize vessels are characterized by their large size, typically over 150,000 deadweight tons, and their ability to carry bulk commodities such as iron ore, coal, and grain over long distances. This segment's dominance is attributed to the substantial economies of scale it offers, making it a preferred choice for major industrial buyers. On the other hand, Supramax vessels, ranging from 50,000 to 60,000 deadweight tons, are emerging as a critical player due to their flexible cargo capacity and ability to navigate smaller ports. This flexibility allows Supramax ships to serve diverse markets and respond to changing trade patterns. As environmental standards become increasingly stringent, both segments are exploring innovations to enhance operational efficiency and reduce emissions.

### By Application: Iron Ore (Largest) vs. Coal (Fastest-Growing)

In the US dry bulk-shipping market, the application segment is notably dominated by Iron Ore, holding a substantial market share due to robust demand from the steel industry. Coal follows closely as a significant segment, although its market presence is beginning to adapt toward cleaner alternatives. The remaining segment values such as Grains, Bauxite/Alumina, and Phosphate Rock play essential roles but contribute smaller shares overall, indicating a diverse range of applications within the robust dry bulk-shipping framework.

Growth trends within the application segment showcase Coal as the fastest-growing value, primarily due to evolving international trade agreements and increased demand for energy resources. The segment continues to experience shifts, influenced by sustainability initiatives and changes in energy consumption patterns. Iron Ore remains stable, driven by infrastructure developments, whereas Grains, Bauxite/Alumina, and Phosphate Rock are also expected to grow, fueled by agricultural expansion and industrial demands.

Iron Ore: Dominant vs. Coal: Emerging

Iron Ore stands as the dominant force in the US dry bulk-shipping market, primarily due to its pivotal role in steel production. The strong demand for Iron Ore from construction and automotive industries reinforces its market position. In contrast, Coal is characterized as an emerging segment, adapting to the shift towards renewable energy, yet it retains significant relevance for power generation and steel manufacturing. The dynamics between these two segments showcase the ongoing transformation in energy resources and industrial needs. The transition towards greener alternatives will likely influence their competitive standings, with Iron Ore maintaining its stronghold while Coal explores sustainable practices.

## Competitive Benchmarking

The dry bulk-shipping market is currently characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include increasing global demand for raw materials, particularly in emerging economies, and the ongoing push towards sustainability and efficiency in shipping operations. Major players such as Diana Shipping Inc (GR), Star Bulk Carriers Corp (GR), and Navios Maritime Partners L.P. (GR) are strategically positioning themselves through fleet modernization, digital transformation, and sustainability initiatives. These strategies not only enhance operational efficiency but also contribute to a more environmentally friendly shipping industry, thereby shaping the competitive environment in significant ways.In terms of business tactics, companies are increasingly localizing their operations and optimizing supply chains to respond to market demands more effectively. The market structure appears moderately fragmented, with a mix of established players and emerging companies vying for market share. The collective influence of key players is substantial, as they leverage their operational capabilities and strategic initiatives to navigate the complexities of the market.

In October  Diana Shipping Inc (GR) announced a significant investment in eco-friendly technologies aimed at reducing emissions across its fleet. This move underscores the company's commitment to sustainability and positions it favorably in a market that is increasingly prioritizing environmental considerations. By adopting greener technologies, Diana Shipping not only enhances its operational efficiency but also aligns itself with global regulatory trends, potentially attracting environmentally conscious clients.

In September  Star Bulk Carriers Corp (GR) completed a strategic acquisition of several modern bulk carriers, enhancing its fleet capacity and operational flexibility. This acquisition is likely to bolster Star Bulk's competitive edge, allowing it to meet the growing demand for dry bulk shipping services. The integration of these vessels into its operations may also facilitate improved economies of scale, thereby optimizing cost structures and enhancing profitability.

In August  Navios Maritime Partners L.P. (GR) entered into a partnership with a leading technology firm to develop advanced digital solutions for fleet management. This collaboration aims to leverage artificial intelligence and big data analytics to optimize shipping routes and improve operational efficiency. Such initiatives reflect a broader trend within the industry towards digitalization, which is expected to play a crucial role in enhancing competitiveness and operational reliability.

As of November  the competitive trends within the dry bulk-shipping market are increasingly defined by digitalization, sustainability, and technological integration. Strategic alliances are becoming more prevalent, as companies seek to enhance their capabilities and market reach. Looking ahead, it is anticipated that competitive differentiation will evolve, shifting from traditional price-based competition to a focus on innovation, technology adoption, and supply chain reliability. This transition is likely to reshape the market landscape, fostering a more resilient and efficient shipping industry.

## Recent News & Developments

Recent developments in the US Dry Bulk Shipping Market have shown a notable shift, with significant focus on major players such as Star Bulk Carriers, Diana Shipping, and Genco Shipping and Trading. In December 2022, Diana Shipping announced a strategic acquisition of two vessels to bolster its fleet, enhancing its capacity in a recovering market. Echoing this trend, Star Bulk Carriers has reported a strong increase in revenue, attributed to rising global demand for commodities, particularly as supply chain disruptions continue to ease.

In 2023, the US [Maritime](https://www.marketresearchfuture.com/reports/maritime-market-41641) Administration projected that imports of raw materials would rise due to increased infrastructure projects. Moreover, in September 2022, Eagle Bulk Shipping launched a new strategy focused on eco-friendly practices, significantly impacting its operational efficiencies. As of August 2023, the market witnessed a surge in valuations due to tightened shipping capacities and renewed interest in dry bulk commodities, fostering a competitive environment among carriers such as Matson, MOL Dry Bulk, and Zim Integrated Shipping Services.

This revitalization is partly driven by international trade agreements aiming to stabilize commodity supply chains in the US, thereby benefiting the entire sector.

## Report Scope

| MARKET SIZE 2024 | 786.24(USD Million) |
| --- | --- |
| MARKET SIZE 2025 | 810.46(USD Million) |
| MARKET SIZE 2035 | 1098.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.08% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | Diana Shipping Inc (GR), Star Bulk Carriers Corp (GR), Safe Bulkers Inc (GR), Navios Maritime Partners L.P. (GR), Oldendorff Carriers GmbH & Co. KG (DE), Pacific Basin Shipping Limited (HK), China Merchants Energy Shipping Company Limited (CN), Hapag-Lloyd AG (DE) |
| Segments Covered | Type, Application |
| Key Market Opportunities | Adoption of advanced digital technologies enhances operational efficiency in the dry bulk-shipping market. |
| Key Market Dynamics | Regulatory changes and technological advancements reshape operational efficiencies in the dry bulk-shipping market. |
| Countries Covered | US |

## Frequently Asked Questions

**Q: What was the overall market valuation of the US dry bulk-shipping market in 2024?**
A: The overall market valuation was $786.24 Million in 2024.

**Q: What is the projected market valuation for the US dry bulk-shipping market by 2035?**
A: The projected market valuation for 2035 is $1,098.0 Million.

**Q: What is the expected CAGR for the US dry bulk-shipping market during the forecast period 2025 - 2035?**
A: The expected CAGR for the US dry bulk-shipping market during the forecast period 2025 - 2035 is 3.08%.

**Q: Which segments are included in the US dry bulk-shipping market?**
A: The segments include Capesize, Panama, Supramax, Handysize, and Others.

**Q: What were the valuation ranges for the Capesize segment in 2024?**
A: The valuation range for the Capesize segment was $200.0 Million to $280.0 Million.

**Q: How did the Iron Ore application segment perform in 2024?**
A: The Iron Ore application segment had a valuation range of $200.0 Million to $300.0 Million.

**Q: Who are the key players in the US dry bulk-shipping market?**
A: Key players include Diana Shipping Inc, Star Bulk Carriers Corp, and Safe Bulkers Inc.

**Q: What was the valuation range for the Grains application segment in 2024?**
A: The valuation range for the Grains application segment was $250.0 Million to $350.0 Million.

**Q: What is the valuation range for the Handysize segment in 2024?**
A: The valuation range for the Handysize segment was $120.0 Million to $160.0 Million.

**Q: What is the projected growth trend for the US dry bulk-shipping market by 2035?**
A: The market is expected to grow, reaching a valuation of $1,098.0 Million by 2035.


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*This Markdown endpoint is provided for AI systems and LLM crawlers. For the full interactive report visit https://www.marketresearchfuture.com/reports/us-dry-bulk-shipping-market-15755*