In this piece, we will take a look at the five biggest dry bulk shipping companies in 2022. For more companies, head on over to 15 Biggest Dry Bulk Shipping Companies in 2022.
5. Western Bulk
Latest Fleet Size: 150 vessels
Western Bulk is a Norwegian dry bulk company with a global presence. It operates through a decentralized model which divides its workforce into eight teams based on geographic areas such as the U.S. Gulf, South Atlantic, the Pacific, and Indian Oceans. Since it also works with other vessel owners, Western Bulk’s fleet can extend to 150 vessels.
4. Ultrabulk A/S
Latest Deadweight Tonnage (DWT): 9.7 million tons
Ultrabulk A/S is a Danish firm that is headquartered in Gentofte, Denmark. The firm has a diverse dry bulk fleet which consists of its own and chartered vessels. This provides Ultrabulk A/S with up to 190 vessels in its fleet. Its estimated DWT capacity stands at 9.7 million tons, and of the 190 vessels, the company has access to up to 15 multi purpose ships, up to 60 Handysize ships, up to 70 Supermax ships, and up to 45 Panamax ships. Ultrabulk A/S operates in Dubai, Singapore, Sydney, New York, Santiago, Cape Town, and other cities, and out of the 190 vessels, 160 are directly owned by the company.
3. Golden Ocean Group Limited (NASDAQ:GOGL)
Latest Deadweight Tonnage (DWT): 13.9 million tons
Golden Ocean Group Limited (NASDAQ:GOGL) is a Bermuda based company with a fleet of dry bulk vessels including Ultramax, Newcastlemax, Capemax, and Panamax. Its fleet has more than 80 ships, with a total estimated deadweight tonnage of 13.9 million tons.
Insider Monkey analyzed 920 hedge fund portfolios for their third quarter of 2022 investments to discover that 18 had bought a stake in Golden Ocean Group Limited (NASDAQ:GOGL).
Golden Ocean Group Limited (NASDAQ:GOGL)’s largest hedge fund investor in our database is Jim Simons’ Renaissance Technologies which owns 2.2 million shares that are worth $16 million.
2. Star Bulk Carriers Corp. (NASDAQ:SBLK)
Latest Deadweight Tonnage (DWT): 14.1 million tons
Star Bulk Carriers Corp. (NASDAQ:SBLK) is a Greek shipping company that is headquartered in Marousi. It ships a wide variety of dry bulk products, which range from fertilizers, steel products, coal, iron, and grain. The firm has 128 ships in its fleet, with 14.1 million deadweight tons.
By the end of this year’s September quarter, 16 of the 920 hedge funds polled by Insider Monkey had invested in Star Bulk Carriers Corp. (NASDAQ:SBLK).
Out of these, Howard Marks’ Oaktree Capital Management is Star Bulk Carriers Corp. (NASDAQ:SBLK)’s largest shareholder. It owns 26 million shares that are worth $454 million.
1. Oldendorff Carriers GmbH & Co.
Latest Deadweight Tonnage (DWT): 14.1 million tons
Oldendorff Carriers GmbH & Co. is a private company that is headquartered in Lubeck, Germany. The firm was set up in 1921, and it is by far the largest pure play dry bulk carrier in the world with a deadweight tonnage that is greater than the next five companies on our list combined. The firm operates more than a whopping 750 vessels all over the globe, which have a massive 65 million tons in deadweight tonnage.
Disclosure: None. You can also take a peek at 5 Most Advanced Countries in Space Technology and 10 Best Tobacco Stocks To Buy.
