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Handymax
Handymax and Supramax are naval architecture terms for the larger bulk carriers in the Handysize class. Handysize class consists of Supramax (50,000 to 60,000 DWT), Handymax (40,000 to 50,000 DWT), and Handy (<40,000 DWT). The ships are used for less voluminous cargoes, and different cargoes can be carried in different holds. Larger capacities for dry bulk include , Capesize and Very Large Ore Carriers and Chinamax. A handymax ship is typically in length, though certain bulk terminal restrictions, such as those in Japan, mean that many handymax ships are just under in ...
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Bulker At Sunset
A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo—such as grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have led to increased size and sophistication of these ships. Today's bulk carriers are specially designed to maximize capacity, safety, efficiency, and durability. Today, bulk carriers make up 21 percent of the world's merchant fleets, and they range in size from single-hold mini-bulk carriers to mammoth ore ships able to carry 400,000  metric tons of deadweight (DWT). A number of specialized designs exist: some can unload their own cargo, some depend on port facilities for unloading, and some even package the cargo as it is loaded. Over half of all bulk carriers have Greek, Japanese, or Chinese owners, and more than a quarter are registered in Panama. South Korea is the largest single builder of bulk carriers, and 82 percent o ...
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Bulk Carrier
A bulk carrier or bulker is a merchant ship specially naval architecture, designed to transport unpackaged bulk cargo—such as Grain trade, grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have led to increased size and sophistication of these ships. Today's bulk carriers are specially designed to maximize capacity, safety, efficiency, and durability. Today, bulk carriers make up 21 percent of the world's merchant fleets, and they range in size from single-hold mini-bulk carriers to mammoth ore ships able to carry 400,000 deadweight tonnage, metric tons of deadweight (DWT). A number of specialized designs exist: some can unload their own cargo, some depend on port facilities for unloading, and some even package the cargo as it is loaded. Over half of all bulk carriers have Greek, Japanese, or Chinese owners, and more than a quarter are registered in Panama. South Korea is the largest ...
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Very Large Ore Carrier
A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo—such as grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have led to increased size and sophistication of these ships. Today's bulk carriers are specially designed to maximize capacity, safety, efficiency, and durability. Today, bulk carriers make up 21 percent of the world's merchant fleets, and they range in size from single-hold mini-bulk carriers to mammoth ore ships able to carry 400,000  metric tons of deadweight (DWT). A number of specialized designs exist: some can unload their own cargo, some depend on port facilities for unloading, and some even package the cargo as it is loaded. Over half of all bulk carriers have Greek, Japanese, or Chinese owners, and more than a quarter are registered in Panama. South Korea is the largest single builder of bulk carriers, and 82 percent o ...
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Naval Architecture
Naval architecture, or naval engineering, is an engineering discipline incorporating elements of mechanical, electrical, electronic, software and safety engineering as applied to the engineering design process, shipbuilding, maintenance, and operation of marine vessels and structures. Naval architecture involves basic and applied research, design, development, design evaluation (classification) and calculations during all stages of the life of a marine vehicle. Preliminary design of the vessel, its detailed design, construction, trials, operation and maintenance, launching and dry-docking are the main activities involved. Ship design calculations are also required for ships being modified (by means of conversion, rebuilding, modernization, or repair). Naval architecture also involves formulation of safety regulations and damage-control rules and the approval and certification of ship designs to meet statutory and non-statutory requirements. Main subjects The word "vessel" in ...
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Handysize
Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes, although there is no official definition in terms of exact tonnages. Handysize is also sometimes used to refer to the span of up to 60,000 tons, with the vessels above 35,000 tonnes referred to as Handymax or Supramax. Their small size allows Handysize vessels to enter smaller ports to pick up cargoes, and because in most cases they are 'geared' - i.e. fitted with cranes - they can often load and discharge cargoes at ports which lack cranes or other cargo handling systems. Compared to larger bulk carriers, handysizes carry a wider variety of cargo types. These include steel products, grain, metal ores, phosphate, cement, logs, woodchips and other types of so-called 'break bulk cargo'. They are numerically the most common size of bulk carrier, with nearly 2000 units in service totalling about 43 million tons. Handysize bulkers are built mainly by shipyards i ...
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Deadweight Tonnage
Deadweight tonnage (also known as deadweight; abbreviated to DWT, D.W.T., d.w.t., or dwt) or tons deadweight (DWT) is a measure of how much weight a ship can carry. It is the sum of the weights of cargo, fuel, fresh water Fresh water or freshwater is any naturally occurring liquid or frozen water containing low concentrations of dissolved salt (chemistry), salts and other total dissolved solids. The term excludes seawater and brackish water, but it does include ..., ballast water, provisions, passengers, and crew. DWT is often used to specify a ship's maximum permissible deadweight (i.e. when it is fully loaded so that its Plimsoll line is at water level), although it may also denote the actual DWT of a ship not loaded to capacity. Definition Deadweight tonnage is a measure of a vessel's weight carrying capacity, not including the empty weight of the ship. It is distinct from the displacement (weight of water displaced), which includes the ship's own weight, or the ...
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Gerson Lehrman Group
GLG (Gerson Lehrman Group, Inc.) is a financial and global information services consulting company headquartered in New York City. The company provides financial information and advises investors and consultants with business clients seeking expert advice. It is the world's largest expert network, with over 1,000,000 freelance consultants. GLG's experts include asset managers, investors, consultants, physicians, scientists, engineers, lawyers, senior current and former c-level executives, and former government members. GLG's clients include strategy consulting corporations, hedge funds, private equity firms, professional service firms, and non-profit organizations. The firm was founded in 1998 and has been backed by private equity firms Silver Lake Partners, Bessemer Venture Partners, and SFW Capital Partners. GLG is headquartered in New York City, with offices in 22 cities in 12 countries. History Gerson Lehrman Group was founded by Yale Law School graduates Mark Gerson and ...
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Panamax
Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design. The allowable size is limited by the width and length of the available lock chambers, by the depth of water in the canal, and by the height of the Bridge of the Americas since that bridge's construction, along with the clearance under the Atlantic and Centennial Bridges since their constructions in 2019 and 2004 respectively. These dimensions give clear parameters for ships destined to traverse the Panama Canal and have influenced the design of cargo ships, naval vessels, and passenger ships. Panamax specifications have been in effect since the opening of the canal in 1914. In 2009, the ACP published the ...
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Capesize
Capesize ships are the largest dry cargo ships with ball mark dimension: about 170,000 DWT (deadweight tonnage) capacity, long, beam (wide), draught (under water depth). They are too large to transit the Suez Canal ( Suezmax limits) or Panama Canal ( Neopanamax limits), and so have to pass either Cape Agulhas or Cape Horn to traverse between oceans. When the Suez Canal was deepened in 2009, it became possible for some capesize ships to transit the canal and so change categories. Routes Major capesize bulk trade routes include: Brazil to China, Australia to China, South Africa to China and South Africa to Europe. Classification 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 d ...
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Chinamax
Chinamax is a standard of ship measurements that allow conforming ships to use various harbours when fully laden, the maximum size of such a ship being draft, beam and length overall. An example of ships of this size is the '' Valemax'' bulk carriers. The standard was originally developed to carry very large loads of iron ore to China from Brazilian port facilities operated by mineral firm Vale. Correspondingly, harbours and other infrastructure that are "Chinamax-compatible" are those at which such ships can readily dock. Unlike Suezmax and Panamax, Chinamax is not determined by locks or channels, or bridges—the Chinamax standard is aimed at port provisions and the name is derived from the massive dry-bulk (ore) shipments that China receives from around the globe. In container shipping, recent classes intended for trade with China have all focused on a ~400 meter length, which deep water container terminals can cater for. Examples * Lolabé, Cameroon—iron ore por ...
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2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ...
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