INTERCARGO, the International Association of Dry Cargo Shipowners, publishes -on a yearly basis- the Benchmarking Bulk Carriers report.

The Benchmarking Bulk Carriers 2024-2025 report evaluates the bulk carrier industry through various performance indicators. The report provides information on detention rates and deficiencies per inspection (DPI) across Flag States, Class, insurers, and Port State Control, in addition to owners’ benchmarking and a review of the negative performance indicators currently affecting the sector.

More info on the Benchmarking Bulk Carriers reports that have been published by INTERCARGO, can be found here.

Foreword / Executive Summary

During 2024 major efforts were underway regarding decarbonisation and alternative fuels. In Western Australia, a major bulk export port
completed its first ammonia transfer between vessels, marking a pivotal step toward adopting zero-carbon fuels. Despite ammonia’s potential, challenges related to cost and safety remain, necessitating further innovation and regulatory frameworks.

2024 saw an alarming rise in cases of crew abandonment, particularly among vessels operating within the “shadow fleet” engaged in sanctioned trades. By mid-November 2024, over 4,000 sailors had been reported abandoned, highlighting the need for stricter enforcement of maritime labour rights and better support systems for affected seafarers.

The launch of the Dry Bulk Centre of Excellence and its DryBMS portal in August 2024 represents a major advancement in operational excellence. This initiative, alongside our inaugural ESG Review, demonstrates our industry’s commitment to sustainable operations and transparent governance. The strong initial uptake by numerous companies reflects the industry’s shared vision for continuous improvement.

The INTERCARGO badge of quality is widely recognized within the industry, and this 16th edition of the benchmarking report once again highlights the invaluable contributions of our members in achieving our ambitious goals.