The Baltic Dry Index can best be described as a weighted average of daily shipping rates for the different classes of dry bulk vessels, namely Capesize, Panamax, Supramax, and Handysize based on a daily survey of agents across the globe.
Seen here approaching berth at the Port of Vancouver’s Deltaport Container Terminal in October 2016 is the 10,062 TEU capacity ZIM Antwerp. Opened in 1997 and located adjacent to the Westshore Coal Terminal, Deltaport is operated by Global Container Terminals under lease from the Vancouver Fraser Port Authority.
Picture: The ULCV CSCL Jupiter aground in the River Scheldt in August 2017
The recent ordering of a batch of 22,000 TEU capacity Ultra Large Container Vessels (ULCV) has re-ignited the debate surrounding just how big container vessels can become.
A recent grain loader in Vancouver was the unusual geared Kamsarmax bulk carrier MP Kamsarmax 1. Owned by M. Pallonji & Co. Pvt., of Mumbai, a privately owned Indian shipping company) she is one of a fleet of geared Panamax, Utlramax and Kamsarmax vessels which are primarily engaged in the movement of coal and fertilizers into India.
The November 13-14, 2017 UNFCCC COP23 meeting in Bonn was the stage for the world’s 3rd largest container carrier, the Marseille based CMA CGM Group, to announce its decision to fit its 9 x 22,000 TEU newbuilds scheduled for delivery in 2020, with LNG propulsion.