THE MARKET FOR HANDY SIZED BULK CARRIERS (20-35,000 DWT)

The purpose of the present survey is to review the trading opportunities for both general-purpose and specialized tonnage within the 20-35,000 DWT size range, to identify their present and future role in the dry bulk market. The problems of building, operating and marketing such vessels are also considered, along with various other aspects of the market for small bulk carriers. The survey deals exhaustively with: The growth of world seaborne trade in both major and minor bulk cargo, highlighting the growing proportion of the total trade handled by bulk carriers and the market share of ships in the 20-35,000 DWT size group; development of the world bulk carrier fleet since the early 1960's, emphasizing the importance of the 20-35,000 DWT division, both in the number of ships in service and in overall deadweight capacity; structure, or composition, of the existing fleet of bulk carriers of 20-35,000 DWT, identifying differences in size, type, age, ownership, draft, cargo handling capability, etc. The present order backlog for this class of vessel is also analyzed to show size preferences, scheduled deliveries; cost of acquiring small bulk carriers, reference being made to rapidly rising newbuilding prices, utilization of shipyard capacity, the marketing of vessels as standard series and other developments of concern to a shipowner contemplating replacing or enlarging his fleet; escalating cost of manning, insuring and maintaining small bulk carriers, information being presented on the annual operating costs of vessels registered under different flags. Also considered are voyage overheads, which are largely composed of fuel and port charges; marketing of independently-owned bulk carriers of 20-35,000 DWT and the way in which time charter and single-voyage freight rates have evolved; employment of the existing fleet, a distinction being made between the trading patterns of specialized, one-purpose tonnage and general-purpose bulk carriers in the 20-35,000 DWT range. The data is derived from an analysis of the movements of all vessels over a period of a year; trades of small bulk carriers, a commodity-by-commodity review enabling those sectors of the market which will contribute to the growing demand for this size of vessel to be identified and discussed. The shipping requirements of the more important minor bulk trades are closely examined, as it is these which will determine the demand for handy-sizes.

  • Corporate Authors:

    Drewry (HP) (Shipping Consultants) Limited

    Palladium House, 1-4 Argyll Street
    London W1V 1AD,   England 
  • Publication Date: 1974-11

Media Info

  • Pagination: 100 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00099873
  • Record Type: Publication
  • Source Agency: Drewry (HP) (Shipping Consultants) Limited
  • Report/Paper Numbers: Survey No. 4
  • Files: TRIS
  • Created Date: Sep 30 1975 12:00AM