Sorry, no definitions found.
“But the larger vessels, known as Capesize and which supply iron ore to China's bigger ports, could see some pressure on their rates.”
“That's not surprising, when you con - based mainly on futures and forwards on namely the Capesize giants and the hand - sider that Baosteel, China's leading steel the principal reference indices.”
“Capesize" ships, have fallen from $46,284 a day to $10,285 in the same period -- a ghastly statistic considering most Capesize ships incur operating costs of at least $15,000 a day.”
“Many of those contracts were signed in the commodities boom, when the price for chartering a giant Capesize vessel peaked at around $200,000 a day.”
“The number of Capesize vessels, meanwhile, had risen to 1,150 by the end of 2010, with 200 more coming on line each year, according to Mr. Leung.”
“Johnson Leung , an expert on shipping at Jefferies, says that a total of 550 Capesize ships, with around 50 added each year, was inadequate to cope with demand.”
“Global trade in the elements is nevertheless small: China's annual production weighs less than a single Capesize vessel.”
“Iron-ore imports to China were driven by the country's economic-stimulus package, in turn increasing demand for Capesize ships, the largest of the four vessel classes calculated into the BDI and the primary transport method for iron ore.”
“Friday, average daily rates for Capesize vessels fell below $40,000 a day for the first time since May.”
“Forward rates for Capesize vessels are $37,000 a day for the fourth quarter and $29,250 for 2010.”
‘Capesize’ hasn't been added to any lists yet.
Looking for tweets for Capesize.