Capesize

Capesize ships are the largest dry cargo ships. They are too large to transit the Suez Canal (Suezmax limits) or Panama Canal (Panamax limits), and so have to pass either the Cape of Good Hope or Cape Horn to traverse between oceans.

When the Suez Canal was deepened in 2009, some capesize ships became able to transit the canal and so changed categories.

Overview

Ships in this class are bulk carriers, usually transporting coal, ore and other commodity raw materials. The term capesize is not applied to tankers. The average size of a capesize bulker is around 156,000 DWT, although larger ships (normally dedicated to ore transportation) have been built, up to 400,000 DWT. The large dimensions and deep drafts of such vessels mean that only the largest deep-water terminals can accommodate them.

Subcategories of capesize vessels include very large ore carriers (VLOC) and very large bulk carriers (VLBC) of above 200,000 DWT. These vessels are mainly designed to carry iron ore.

See also

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Latest News for: capesize

Capesizes rates bounce back on ore and coal fixes in the Pacific

Tradewinds 24 Apr 2025
The capesize spot market is showing signs of a recovery this week, ...

LNG-fueled Capesize Bulker Verde Heraldo Delivered, Will Supply JFE Steel Mills

Hellenic Shipping News Worldwide 22 Apr 2025
announced that the naming and delivery ceremony for the MOL-ordered ...

Buyer linked to Chinaland Shipping snaps up a capesize bulker

Tradewinds 22 Apr 2025
... has purchased an ageing capesize in the secondhand market.

Vale iron ore production drop mirrors fluctuating capesize market

Tradewinds 16 Apr 2025
... reflecting the seesawing capesize bulker sector.

Baltic index snaps 3-day winning streak on lower capesize rates

Hellenic Shipping News Worldwide 15 Apr 2025
... capesize rates ... The capesize index shed 74 points or 4.1% to 1,753.

Trump trade war rattles capesize spot market as rates plough six-week lows

Tradewinds 14 Apr 2025
There has been no respite for the capesize market as rates ...

Baltic index gains on higher capesize, panamax rates

Hellenic Shipping News Worldwide 14 Apr 2025
The capesize index added 24 points or 1.3% ....

Dry Bulk Shipping: Capesize Market Under Pressure

Hellenic Shipping News Worldwide 13 Apr 2025
Capesize The Capesize market faced headwinds this week, with broader ...

MOL Launches Biofuel Bunkering for Its Capesize Bulk Carrier

Rigzone 10 Apr 2025
MOL recently completed biodiesel-blended fuel bunkering on its Capesize bulk carrier Midnight Dream ... .

Baltic Index Snaps 12-Day Losing Streak On Higher Capesize Rates

Hellenic Shipping News Worldwide 10 Apr 2025
... on Thursday, buoyed by higher rates in the capesize vessel segment.
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