The world's bulk transport has reached immense proportions: in 2005, 1.7 billion metric tons of coal, iron ore, grain, bauxite, and phosphate was transported by ship. Today, the world's bulk carrier fleet includes 6,225 ships of over 10,000 DWT, and represent 40% of all ships in terms of tonnage and 39.4% in terms of vessels. Including smaller ships, bulk carriers have a total combined capacity of almost 346 million DWT. Combined carriers are a very small portion of the fleet, representing less than 3% of this capacity. As of 2005, the average bulk carrier was just over 13 years old. All of the 98 bulk carriers registered in the Great Lakes trade are over 20 years old and the oldest still sailing in 2009, the
St. Mary's Challenger, was 106 years old. )|402x402px
Flag states As of 2005, the
United States Maritime Administration counted 6,225 bulk carriers of or greater worldwide. More bulk carriers are registered in
Panama, with 1,703 ships, more than any four other
flag states combined. These three nations account for over 53% of the world's fleet.
The Fednav Group in Canada operates a fleet of over 80 bulk carriers, including two designed to work in Arctic ice.
Croatia's
Atlantska Plovidba d.d. has a fleet of 14 bulk carriers. The
H. Vogemann Group in
Hamburg, Germany operates a fleet of 19 bulk carriers.
Portline in Portugal, owns 10 bulk carriers.
Dampskibsselskabet Torm in Denmark and Elcano in
Spain also own notable bulk carrier fleets. Other companies specialize in mini-bulk carrier operations: England's
Stephenson Clarke Shipping Limited owns a fleet of eight mini-bulk carriers and five small Handysize bulk carriers, and
Cornships Management and Agency Inc. in
Turkey owns a fleet of seven mini-bulk carriers.
Builders Asian companies dominate the construction of bulk carriers. Of the world's 6,225 bulk carriers, almost 62% were built in Japan by shipyards such as
Oshima Shipbuilding and
Sanoyas Hishino Meisho.
Ship breaking Generally, ships are removed from the fleet by going through a process known as
ship breaking or scrapping.
Ship-owners and buyers negotiate scrap prices based on factors such as the ship's empty weight (called light ton displacement or LDT) and prices in the scrap metal market. In 1998, almost 700 ships were scrapped in places like
Alang, India and
Chittagong, Bangladesh. Half a million deadweight tons worth of bulk carriers were scrapped in 2004, accounting for 4.7% of the year's scrapping. That year, bulk carriers fetched particularly high scrap prices, between $340 and $350 per LDT. == Operation ==