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Examples
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A so-called capesize vessel, most commonly used to carry coal and iron ore, now costs under US$11,000 a day to hire, about half the charge in May.
IntelliBriefs 2008
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He said Shipping Corp. is planning to buy medium-sized bulk carriers for the joint venture initially and then graduate to capesize bulkers.
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The nation's biggest shipping company by fleet is also deferring an order to buy four capesize bulk carriers - which are of about 170,000 dead weight tons, or DWT - in the fiscal year that began April 1.
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"The big problem for 2011 is continued deliveries of new ships," said Scott Burk, an analyst at Oppenheimer & Co. in New York who was the most accurate forecaster of fourth-quarter capesize rates in Bloomberg's survey in July.
Freight Rates Poised to Tumble as 35-Mile Line of Ships Passes Coal Demand - Bloomberg 2011
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The cost of a five-year-old second-hand capesize dropped to $53.2 million in December, from as much as $61.4 million in
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Eagle Bulk Shipping , which operates supramax vessels that typically have around half the capacity of a capesize, lowing them to haul a wider range of cargoes, has placed half its ships in the spot market.
Reuters: Top News Krishna N Das 2011
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The Baltic capesize Index has fallen by two-thirds in the past 3 months to its lowest in more than 2 years.
Reuters: Top News Krishna N Das 2011
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Burk, an analyst at Oppenheimer & Co. in New York who was the most accurate forecaster of fourth-quarter capesize rates in Bloomberg's survey in July.
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Flooding in Australia, the world's biggest coal exporter, and weather-srupted coal shipments and dented sentiment for capesize vessels - the giants of seaborne trade routes, typically hauling 150,000 tonne cargoes such as iron ore and coal.
Reuters: Top News Krishna N Das 2011
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The capesize fleet expanded 50 percent since the end of 2008 and orders at yards are equal to 30 percent of existing capacity, according to data from Redhill, England-based IHS Fairplay.
hernesheir commented on the word capesize
Capesize vessels are a class of bulk carrier ships that exceed 150,000 long tons deadweight (DWT). They were originally too large to pass through the Suez canal. The size and deep drafts of these vessels restrict their docking at only the largest deep water terminals.
August 28, 2009
bilby commented on the word capesize
I'd be reluctant to describe a ship with a word so similar to capsize.
August 28, 2009