Nautical Term: Capesize
Definition of Capesize
Capesize is a nautical term used to describe large cargo vessels that cannot pass through either the Panama or Suez Canals. These vessels typically measure between 120,000 and 180,000 DWT (Deadweight Tonnage), making them among the largest cargo ships in the world.
For instance, in a shipping industry report, it may be stated that Despite the recent surge in Capesize demand due to the ongoing commodity boom, the global Capesize fleet continues to experience chronic overcapacity.
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