Dry Bulk Market A bulk carrier is a merchant ship designed to transport unpackaged bulk cargo such as grains, ore, coal and cement in cargo holds. The first bulk carrier was built in 1852 and since then, there have been great innovations both size and sophistication. Many bulkers found today maximise on capacity, safety and efficiency, and make up a quarter of the world’s merchant fleets. They range in size from single-hold- mini-bulkers to mammoth ore ships. Korea is the largest single builder of bulkers and most of it ships were built in Asia. Bulk carriers participate in loading and unloading of cargo and keeping its machinery properly maintained. The transport industry faced its sharpest correction in economic structure in the year 2008, since the seventies