- Definition: Capesize Vessel Industry
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In dry bulk shipping, Capesize vessels are classified as ships with a cargo-carrying capablility (referred to as the Deadweight tonnage or DWT) in excess of 100,000 metric tonnes. Capesize vessels have been built with DWT capacities in excess of 300,000 tonnes. The natural market for Capesize vessels is iron ore and coal, trading between Australia/Indonesia and Asia, Brazil to the EU/Asia, and South Africa to the EU/Asia. Because of their size (over 1000' in length), Capesize vessels have a narrow range of ports and terminals capable of receiving them.
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