1. Capesize
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Capesize ships are cargo ships too large to traverse either the Suez Canal or Panama
Canal (i.e., larger than both panamax and suezmax vessels). To travel between oceans,
such vessels must round the Cape of Good Hope and Cape Horn.
Capesize vessels are typically above 150,000 deadweight tons, and ships in this class
include VLCC and ULCC supertankers and bulk carriers transporting coal, ore, and other
commodity raw materials. The term is most commonly used to describe bulk carriers
rather than tankers, however. A standard capesize bulker is around 175,000 tons
deadweight, although larger ships (normally dedicated to ore transportation) have been
built, up to 400,000 dwt. The massive dimensions (and generally very deep drafts) of
such large vessels mean that only the largest deep water terminals can handle them.
The growth of the economy of the People's Republic of China (with its great demand for
raw materials) and increasing congestion in the Suez and Panama canals has led to an
increase in the number of capesize vessels ordered.
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