Berge Bulk

What Berge Bulk does

Berge Bulk is a Singapore-headquartered, privately held dry bulk shipping company founded in 2007 by James Marshall. The company owns and operates a fleet of more than 80 vessels totaling over 14 million DWT, spanning handy-size, Ultramax, Newcastlemax, Valemax and capesize classes — including some of the largest bulk carriers ever built, such as the 216,000+ DWT Berge Tai Shan and Berge Heng Shan and 300,000 DWT Valemax Berge Mafadi. It serves global commodity flows under long-term contracts of affreightment (COAs) and spot-market transactions, with anchor counterparties including BHP Billiton and Rio Tinto, focusing primarily on iron ore, coal, grain, and steel-related cargoes on routes connecting Australia, China, the Americas, and Europe.

The company's commercial model is B2B enterprise shipping, with pricing negotiated contract-by-contract against prevailing freight benchmarks; revenue is anchored to recurring COA volumes with major miners and steel mills and complemented by spot exposure for flexibility. A London office opened in October 2016 manages Atlantic-basin clients across Europe, the Americas.

Underpinning the operation is the "Maritime Marshall Plan," a four-pillar decarbonization strategy covering Efficiency, Technology, New Fuels, and Carbon Capture. Berge Bulk has positioned itself as an early mover on board-level emissions technologies, including WindWings rigid wing sails on Berge Olympus, Anemoi Flettner Rotor Sails on Berge Neblina and Berge Mulhacen, the world's first Renk IFPS shaft generator retrofit on Berge Dachstein, an onboard carbon capture pilot on Berge Yotei, B100 biofuel bunkering on Berge Lyngor in partnership with BHP and GCMD, and fleet-wide deployment of Sofar Ocean's Wayfinder voyage optimization platform. The company has set public targets of carbon neutrality by 2025, a zero-carbon vessel by 2030, and a zero-emissions fleet by 2050, and it has earned multiple Lloyd's List and Seatrade Maritime Asia awards for dry bulk operations, safety, and environmental protection.

Name

Berge Bulk

Legal name

Berge Bulk Singapore Pte. Ltd.

Website

https://bergebulk.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Berge Bulk is a Singapore-based, privately held dry bulk shipowner operating 80+ vessels totaling over 14 million DWT, serving major miners, steel mills, and charterers worldwide with iron ore, coal, and grain transport under a four-pillar decarbonization strategy.

Ownership category

akta.pro rank

Product category

Dry Bulk Shipping Services

NAICS

Deep Sea Freight Transportation (483111)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

Keywords

• Dry bulk shipping
• Bulk carrier fleet
• Maritime transportation
• Vessel management
• Carbon neutral shipping

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Dry Bulk Shipping Services: Long-term contracts of affreightment (COA) with major miners, steel mills, and charterers. Spot market transactions for flexible cargo transport. Berge Bulk owns and manages a fleet of over 80 vessels serving global commodity trade routes, primarily iron ore from Australia to China.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Berge Bulk owns and operates a fleet of more than 80 dry bulk vessels totaling over 14 million DWT, ranging from handy-size to Newcastlemax, Valemax, and Ultramax tonnage, transporting commodities such as iron ore, coal, grains, logs, and steel cargoes on long-term contracts of affreightment and spot market charters for major miners, steel mills, and commodity traders. The company pairs the fleet with a four-pillar decarbonization programme covering vessel efficiency, wind-assisted and rotor sail propulsion, alternative fuels such as B100 biofuels and ammonia/methanol, and onboard carbon capture, supported by the Sofar Wayfinder voyage optimization platform deployed across the fleet.

Product overview

Berge Bulk is a Singapore-based dry bulk shipping company offering transportation of dry bulk commodities through a fleet of over 80 vessels ranging from handy-size to Newcastlemax capesize vessels. The company operates under 'The Maritime Marshall Plan' - a four-pillar decarbonization strategy focusing on Efficiency, Technology, New Fuels, and Carbon Capture. Key offerings include dry bulk shipping services, carbon offset deliveries, and comprehensive fleet management for major miners, steel mills, and charterers.

Differentiator

Problem solved

Functional benefit

Products and services

• Dry Bulk Shipping Services Ocean transportation of dry bulk commodities including iron ore, coal, grains, logs, and steel cargoes for the world's major miners, steel mills, and charterers, delivered via a fleet of more than 80 vessels totaling over 14 million DWT under long-term contracts of affreightment and spot charters.
• Fleet Management End-to-end management and operation of Berge Bulk's fleet of over 80 vessels totaling more than 14 million DWT, including technical operations, crewing, safety, environmental compliance, and voyage execution.
• Carbon Offset Deliveries Carbon-neutral shipping voyages where emissions from the voyage are offset, allowing customers to receive cargo transported with neutralized carbon impact as part of Berge Bulk's sustainability offerings.

Quantifiable outcome

• 79% GHG emission reduction using B100 biofuel blend
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Global Centre for Maritime Decarbonization (GCMD)coreStrategic or Co-development Partner · 4 June 2026BHP and GCMD launched pilot project aboard bulk carrier Berge Lyngor to test B100 biofuel blend made from used cooking oil and residual animal fats. Trial achieved 79% GHG emission reduction compared to VLSFO. Project funded by Singapore's Maritime and Port Authority through its Maritime Technology and Innovation Fund.
• HAMR EnergycoreStrategic or Co-development Partner · 4 June 2026Supplied 50% tallow-derived biodiesel component for B100 bio-blend tested aboard Berge Lyngor. Partner in multi-feedstock biofuel supply chain for maritime decarbonization trial.
• Mitsui & Co Energy Trading SingaporecoreStrategic or Co-development Partner · 4 June 2026Supplied 50% used cooking oil component for B100 bio-blend tested aboard Berge Lyngor. Partner in multi-feedstock biofuel supply chain for maritime decarbonization trial.
• Seven Clean SeascoreStrategic or Co-development Partner · 24 November 2025Founding member of Maritime Association for Clean Seas (MACS) initiated by Seven Clean Seas. MACS aims to reduce ocean plastic pollution through industry collaboration including sustainable procurement and onboard waste reduction.
• X-Press FeederscoreStrategic or Co-development Partner · 19 November 2025Founding member of Maritime Association for Clean Seas (MACS). Shipping company collaborating on sustainable practices and waste reduction measures aligned with IMO 2030 Action Plan.
• Bernhard Schulte ShipmanagementcoreStrategic or Co-development Partner · 19 November 2025Founding member of Maritime Association for Clean Seas (MACS) focused on sustainable procurement, onboard waste reduction, and improved portside waste handling.
• Sofar OceancoreTechnology or Integration · 26 August 2024Berge Bulk deployed Sofar's Wayfinder platform across its fleet for route optimization, delivering 4-6% fuel and emissions savings. Supports decarbonization goals and zero-emissions fleet target by 2050.
• High Atlas FoundationminorStrategic or Co-development Partner · 1 April 2024Partnership to plant 8.5 million fruit trees across Morocco by 2028. Foundation grows tree seedlings in 15 community-managed nurseries supporting sustainable development.
• ABScoreStrategic or Co-development Partner · 24 April 2023Joint project agreement for feasibility study on methanol-fuelled propulsion system conversion. Project to evaluate methanol fuel availability, bunkering practicality, and technical/economic feasibility of conversion.
• Eden Reforestation ProjectsminorStrategic or Co-development Partner · 31 December 2022Partner in mangrove planting initiative. Berge Bulk committed to planting 25 million mangrove trees by 2026, with over 9.6 million trees planted by end of 2022.
• Lloyd's RegistercoreImplementation/ SI/ Consulting Partner · 31 December 2022Contracted as Recognised Organisation to audit shipyards at beginning, middle, and end of ship recycling process. Ensures compliance with HKC, ISO, and environmental/safety standards.
• Stairway FoundationminorStrategic or Co-development Partner · 1 October 2022Marshall Foundation funds Sea Adventure School environmental education programme. 19 Berge Bulk employees attended in 2022. Programme has trained over 2,000 young people annually.
• Anemoi Marine TechnologiescoreTechnology or Integration · 13 July 2022Supplier and installer of Rotor Sails for Berge Neblina and Berge Mulhacen. Four folding Rotor Sails per vessel predicted to save 1,200-1,500 tonnes of fuel annually.
• BAR TechnologiescoreStrategic or Co-development Partner · 29 June 2022Agreement to install four BARTech WindWings by Yara Marine Technologies onboard Berge Olympus. WindWings capable of reducing CO2 emissions by up to 30% through wind propulsion and route optimization.
• Yara Marine TechnologiescoreTechnology or Integration · 29 June 2022Provider of WindWings technology installed on Berge Olympus. The 50-metre tall wing sails represent groundbreaking wind-assisted propulsion technology for commercial shipping.
• Kongsberg MaritimecoreStrategic or Co-development Partner · 7 June 2022Joint development initiative to advance marine decarbonization technologies. Goal to identify and test emerging decarbonization technologies and integrate them into deployable systems for Berge Bulk's fleet of over 80 vessels.
• WildAid MarineminorStrategic or Co-development Partner · 1 April 2022Marshall Foundation awarded $30,000 to support WildAid's mission to protect Ecuador's mangrove forests. Purchased patrol boat Berge Chimborazo for MPA enforcement.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Oldendorff Carriers: Privately held German dry bulk shipowner operating a large fleet of Capesize, Panamax, Supramax and Handy-size vessels. Comparable to Berge Bulk in fleet diversity, customer profile, and private-company ownership structure.
• Star Bulk Carriers: One of the largest global dry bulk shipping companies, operating a fleet of ~100+ Newcastlemax, Capesize, Panamax, and Ultramax vessels. Directly comparable to Berge Bulk on vessel mix, customer base of major miners, and commodity exposure.
• Golden Ocean Group: Bermuda-based dry bulk shipowner with a large Capesize/Newcastlemax-heavy fleet serving major commodity shippers. Direct peer to Berge Bulk on iron ore exposure and long-haul Atlantic/Pacific routes.
• Diana Shipping: Greek dry bulk owner operating Capesize, Kamsarmax, Panamax and Ultramax vessels on time charter and spot markets. Comparable business model, customer profile (major miners/steel mills), and fleet mix to Berge Bulk.
• Safe Bulkers: Greek/Marshall Islands dry bulk owner focused on Panamax, Kamsarmax, Post-Panamax and Capesize vessels transporting coal, iron ore, and grains. Closely comparable in segment and customer overlap with Berge Bulk.
• Eagle Bulk Shipping: US-listed pure-play Supramax/Ultramax dry bulk owner. Comparable to Berge Bulk's smaller-vessel portfolio segment and exposure to minor bulks and grains alongside major miners.
• Genco Shipping & Trading: US-listed dry bulk owner with a fleet of Capesize, Ultramax and Supramax vessels transporting iron ore, coal, and grains. Closely aligned with Berge Bulk on vessel classes, commodity mix, and miner/steel mill customers.
• Pacific Basin Shipping: Hong Kong-headquartered dry bulk owner with a Supramax/Handymax-tilted fleet, serving similar industrial customers across the Pacific and Atlantic basins. Closely comparable business model and customer overlap with Berge Bulk.

Others

• Berge Bulk Chartering (Industry: Class societies / verification): Lloyd's Register is referenced as a Recognised Organisation auditing ship recycling and IHM compliance for Berge Bulk. Included as an ecosystem/verification peer rather than a competitor — illustrating the regulatory infrastructure supporting Berge Bulk's fleet compliance.

Broad incumbents

• COSCO Shipping Holdings: Chinese state-owned global shipping conglomerate offering container, dry bulk, and tanker services with a vastly larger fleet and capital base. Operates in the same dry bulk space but competes as a broader, lower-cost-of-capital incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Berge-Bulk-1441502379431307
• LinkedInlinkedin.com/company/10535740

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berge Bulk