Since tankers are not restricted by space constraints and are low-speed vessels with a maximum cruising capacity of 15.5 knots, they run on large marine diesel engines. Tankers carry a homogeneous cargo of gases or liquids (such as bitumen, fuel oil, cycle oils, edible oils, diesel/gas oil, kerosene, gasoline, petrol, paraffin, and even wines and molasses). Capesize vessels are used in the transportation of coal, iron ore, and commodity raw materials-most commonly between Australia and China, and Brazil and China. Their carrying capacity is between 110,000 and 200,000 DWT. Due to their larger size, only a few ports can accommodate them while fully loaded. Post-Panamax ships are also designed to fit through the Panama Canal.Ĭapesize vessels are the largest dry bulk marine option, measuring roughly 230m to 270m long with a draft of 17m and nine cargo holds. ![]() Post-Panamax vessels are larger vessels with carrying capacities between 85,000 and 110,000 DWT. These vessels are specialized in that they designed to fit both through the Panama Canal, as well as fit within Port Kamsar in West Africa. ![]() Kamsarmax vessels are medium-sized vessels with a carrying capacity between 80,000 and 85,000 DWT. New size regulations set by the Panama Canal Authority mean these vessels can now reach dimensions of 366m in length, 49m in width, and 15.2m in depth. These vessels each have seven cargo holds and are designed to fit the locks of the Panama Canal. These vessels are primarily used for transporting products in the Caribbean and Latin America. Panamax vessels are medium-sized vessels with a carrying capacity of 65,000 and 80,000 DWT. These vessels are considered an upgrade over the smaller Supramax carriers. Larger than Supramax vessels, they have a carrying capacity generally between 60,000 to 65,000 DWT. Ultramax bulk carriers are medium-sized vessels. When used as dry bulk carriers, they transport iron ore, coal, cement, finished steel, fertilizer, and grains, and they are most commonly built in Japan, South Korea, and China. Measuring up to 150m to 200m in length with a draft of 11m to 12m, they have five cargo holds and four on-deck cranes, making them popular for unloading cargo in ports without sophisticated infrastructure. Handymax vessels with more modern builds can carry between 35,000 and 48,000 DWT. These vessels are typically built in Japan, South Korea, China, Vietnam, India, and the Philippines. Handysize vessels can carry a variety of dry bulk cargo, including iron ore, coal, cement, phosphate, finished steel products, wooden logs, fertilizer, and grains. Their shallow draught and small size allow them to operate in most ports across the world, making them the most common bulk carrier over 10,000 DWT. They typically contain five cargo holds for diversified storage with four on-deck cranes. Handysize vessels have a carrying capacity of 15,000 to 35,000 DWT and range in length from 130m to 150m with a 10m draught. These vessels fall into roughly eight different sizes. Dry bulk carriersĭry bulk carriers transport large quantities of dry goods. Let’s take a closer look at the different types of vessels and sizes. ![]() Marine finance is a subset of equipment finance, while offerings in the space often comprise a wide array of dry bulk, tanker, and container vessels with varied carrying capacities measured in what is known as Deadweight Tonnage (DWT). Transporting goods via cargo ships is generally considered to be the most cost-effective method with ships carrying everything from food to electronics to oil, and is a critical aspect of international trade finance. According to the International Maritime Organization (IMO), 90% of the world’s cargo is transported by sea.
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