What is Capesize vessel?

What is Capesize vessel?

The “Capesize” is the largest class of bulkship that can carry any type of cargo, such as iron ore and coal in main. They are called “Capesize” ships as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans.

How much can a Capesize carry?

Capesize vessels are the largest dry bulk marine option, measuring roughly 230m to 270m long with a draft of 17m and nine cargo holds. Due to their larger size, only a few ports can accommodate them while fully loaded. Their carrying capacity is between 110,000 and 200,000 DWT.

What does Baltic freight index indicate?

Key Takeaways. The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. The BDI is often viewed as a leading indicator of economic activity because changes in the index reflect supply and demand for important materials used in manufacturing.

How much does a Capesize vessel cost?

We forecast Capesize rates will continue to increase to about $40,000/day or about 1.5 times higher than Panamax rates (about $30,000) in the coming weeks.

What draft is Panamax?

Height. 57.91 m (190 ft) Draft. 12.04 m (39.5 ft)

How do you value a vessel?

The three widely accepted asset (and thus vessel) valuation methods – Market Approach, Replacement Cost and Income Approach – can provide a different perspective and insight into the value of a vessel, and each one of these methods has its own strengths and intrinsic limitations at the same time.

What is the cost of a bulk carrier ship?

Capesize bulk carrier will have a capacity of 1,70,000 dead weight tonne (DWT) and costs around $70 m. This is for the first time the SCI has opted for a resale tender route for the acquisition of a vessel.

What is Baltic Dry Index today?

The Baltic Exchange’s dry bulk sea freight index rose on Friday, logging its best week since the week ended on Feb….Currencies.

What affects Baltic Dry Index?

The demand that affects the Baltic Dry Index is the demand of commodity buyers who need the raw goods for production. It is difficult to manipulate or distort demand because it is calculated solely by those who have placed orders to have raw goods shipped.