Dry bulk carrier
C1. Commercial shipping, chartering, economics and financeDefinition
Vessel carrying unpackaged dry bulk cargoes.
A dry bulk carrier is a single-deck ship built to carry unpackaged dry bulk cargoes such as iron ore, coal, grain, and bauxite in large holds served by deck hatches. The market segments by size: Handysize (around 10,000 to 40,000 dwt), Supramax and Handymax (40,000 to 65,000 dwt), Panamax (65,000 to 90,000 dwt), and Capesize (above 100,000 dwt, too large for the Panama Canal). Bulkers fix on voyage forms such as GENCON and Amwelsh or on time charters, and their earnings track the Baltic Dry Index and its component routes.
Source: Baltic Exchange dry bulk index methodology