The Dry Cargo Industry

Dry Cargo Industry

25th of June every year, it is the Day of the Seafarer. In 2010, the Diplomatic Conference met in Manila to adopt milestone revisions to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (the STCW Convention) and its associated Code, also agreed that the unique contribution made by seafarers from all over the world to international seaborne trade, the world economy and civil society as a whole, should be marked annually with a ‘Day of the Seafarer’. The date chosen was 25 June, the day on which the amendments were formally adopted.

For more information about Day of the Seafarer 2016, please refer to the IMO webpage

Let us give a moment and focus once again on how important these unsung heroes are to all of us, to the bulk carrier industry and to each shipowner, and reflect on just how much we rely on their services.

We are grateful to the seafarers who operate the ships, bringing cargo safely to its destination, keeping to the schedules, day in and day out, regardless of the conditions they may have to face. Without seafarers, our bulk carrier businesses cannot be sustained. And, most importantly, let all of us make this the occasion on which we say “Thank you, seafarers.”


Dry bulk trades comprise iron ore, coal, grain, timber, steel and other similar cargoes which are shipped in bulk as opposed to carried in containers or other unit loads. Delivering these commodities every day requires an efficient dry cargo shipping industry - without which, world trade as we know it would cease.

Dry bulk shipping refers to the movement of significant commodities carried in bulk : - the so-called major bulks, together with ships carrying steel products (coils, plates and rods), lumber or log carriers and other commodities classified as the minor bulks.

The importance of the dry bulk industry is that without the estimated 500 million deadweight tonnes of dry bulk shipping, global trade, industry and ultimately our current lifestyles, could not be maintained.

The international steel industry - for example, could not function without an efficient and cost effective maritime industry transporting the raw materials - coal and iron ore, as well as the means to ship the finished product around the world.

Looking around the average home, the unseen links with the dry cargo industry are all around. Toasting a piece of bread involves metal components in the toaster - manufactured processes using ores and alumina, grain used in the bread and coal-generated electricity providing the power.

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Download this file (20 Ships leaflet A5 - September 2006 (2).pdf)Shipping in everyday life 1584 kB20-Jan-2016

8 Feb 2016:- Benchmarking research to identify cost saving initiatives

INTERCARGO carried a research on Benchmarking approach in Jan 2016 to identify cost saving initiatives with support from its members. The Terms of Reference of the study is as follows:

1) To understand cost classification practices in the shipping industry in order to align to a standardized practice for the shipping community
2) To benchmark the management cost (i.e. commercial management cost, technical management cost and overhead cost) of ships for the dry bulk industry
3) To identify cost savings initiatives adopted by the industry during this challenging period

• Type of vessel : dry bulk vessels
• Management and overhead cost of ships include commercial management, technical management, Selling and General Administrative (SG&A) cost only
• This study does not cover operational cost or vessel running costs such as crew, repair & maintenance, lube oil, spares & stores or voyage costs such as bunker cost, port cost etc

Target participants: dry bulk ship owners who own at least 1 ship

Preliminary outcome of the research is enclosed for reference.