Veson Nautical, one of the 45 sponsors present at Geneva Dry, is ready to bring a treasure trove of data and stats to the Swiss dry bulk event.
Helping set the scene for the global commodity shipping summit, Rebecca Galanopoulos Jones, senior content analyst at Veson Nautical has crunched the numbers, using data from VesselsValue, to bring readers exclusive infographics on the top bulker owning countries, the most valuable bulkers as well as providing insights on the dry bulk orderbook and the currently very hot sale and purchase scene in shipping’s largest sector.
Top bulker owners
VesselsValue data shows China is the largest bulker owning nation both in terms of volume and value. The Chinese fleet consists of 2,721 vessels and a market share of around 20% and a total value of $57.7bn, accounting for around 19%.
Greece ranks second with a share of 18% in terms of the numbers, which equates to 2,430 vessels. However, the Greek bulker fleet ranks third in terms of value, with a share of around 16% and a value of $50.7bn.
In third place, Japan has a bulker fleet of 1,909 vessels and a market share of around 14%. Japan ranks second in terms of value, owning $50.7bn in bulker assets.
Most valuable vessels
The most valuable bulker currently trading according to VesselsValue is the three-year-old NSU Brazil, a giant Japanese valemax.
Top bulker ordering companies
At present, there are currently 1,231 bulkers on order and within the current orderbook, China’s BoComm Leasing is the top ordering company with 30 bulkers on order with a value of $1.3bn. The majority of this order is for supramaxes.
In terms of value, CMB.TECH currently holds the top spot for the most expensive bulker orderbook, worth $1.8bn for the 23 newcastlemaxes it has contracted at Qingdao Beihai Shipbuilding.
Bulker S&P
In terms of sale and purchase, Greeks were the top buyers of bulkers in 2023, splashing out $4.4bn on 213 bulkers. China came in second place, followed by Japan with a very noticeable uptick from Turkish owners in fourth spot.
“Japan was the top seller of bulkers last year, receiving an impressive $3.7bn for 170 vessels sold,” says Galanopoulos Jones.
China ranked second, with Greece in third spot.
The benefits of exhibiting
Veson Nautical is one of many tech providers attending Geneva Dry this May. As well as sponsoring Geneva Dry the company has taken an exhibition spot just in front of the conference hall where an all day coffee break will take place as well as gin tasting from the event’s official drinks supplier, LVX Geneva Dry Gin. The last remaining exhibition spots are still for sale, a chance for companies to air their products in front of the hundreds of c-suite executives jetting in for the conference.
Designed to be the annual global summit for the dry bulk shipping community, Geneva Dry now boasts an extraordinary mix of shipowners, trading companies, miners and tech providers, all due to convene at the Hotel President Wilson on the shores of Lake Geneva on May 2 and 3 this year.
The event is split into relevant sectors to make delegates’ time more targeted and rewarding. Sessions include decarbonisation; minor bulks; agri-commodities; coal; iron ore; as well as an entire afternoon devoted to digital.
The full Geneva Dry agenda can be accessed here.
Geneva Dry registration, at just $650, can be accessed here.
Special Geneva Dry rates at the President Wilson Hotel can be found here.
