The dry bulk sector is the workhorse of the global economy, transporting iron ore, coal, grain, and minor bulks. In 2025, these top 8 carriers are leading the way in fleet size, efficiency, and market influence.

1. Oldendorff Carriers

The German giant remains the world’s leading dry bulk operator, with a massive fleet of owned and chartered vessels. Their transshipment hubs and logistics solutions set them apart from pure tonnage providers.

2. Star Bulk Carriers

After a series of mergers and acquisitions, Star Bulk stands as the largest US-listed dry bulk company. Their diverse fleet, equipped with scrubbers, allows them to capitalize on fuel spread differentials.

3. Pacific Basin

Headquartered in Hong Kong, Pacific Basin dominates the Handysize and Supramax sectors. Their focus on minor bulks makes them a key player in the transport of construction materials and agricultural products.

4. Golden Ocean Group

Backed by John Fredriksen, Golden Ocean focuses on the Capesize and Panamax segments. Their modern, fuel-efficient fleet is well-positioned to serve the major iron ore routes from Brazil and Australia to China.

5. Genco Shipping & Trading

Genco’s “barbell” approach to fleet composition (Capesize for volatility, minor bulk for stability) continues to deliver strong returns. Their low-debt profile makes them a resilient player in a cyclical market.

6. Berge Bulk

Known for their “Berge” prefix, this Singapore-based owner is aggressive on decarbonization, aiming to be carbon neutral by 2025. They are pioneers in retrofitting wind propulsion on large ore carriers.

7. Pan Ocean

The South Korean carrier remains a critical link in the Asian supply chain. With long-term contracts with major steel mills and utility companies, they offer stability in a volatile market.

8. Wisdom Marine Group

Taiwan’s Wisdom Marine is a significant player in the Handysize sector, known for its extensive newbuilding program of high-spec, eco-friendly Japanese-built ships.