Handysize definition
Examples of Handysize in a sentence
Pacific Basin Shipping Limited is one of the world’s leading owners and operators of modern Handysize and Handymax dry bulk vessels.
The Company is one of the world’s leading owners and operators of modern Handysize and Handymax dry bulk vessels.
Handysize Vessel - Vessel of about 35,000 DWT (typical size of vessel).
Taking into account all existing commitments to acquire and dispose of other vessels as announced by the Company previously, the Group will have additional nineteen newly built grabs fitted Supramaxes, two newly built Post-Panamaxes, two newly built Panamaxes, one second hand Handymax and one newly built Handysize for delivery going forward, where three of which will be delivered in 2008, seven in 2009, seven in 2010, four in 2011, three in 2012 and one in 2013.
The Handysize is the smallest but most common vessel in the dry bulk sector.
On February 14, 2007, the Company sold and bareboat chartered back two 1996-built Handysize Product Carriers, the Overseas Nedimar and the Overseas Limar.
Time and bareboat charter hire expense increased $6.2 million, principally as the result of the sale and charter back of two Handysize Product Carriers during the quarter and the delivery of four additional chartered-in vessels (three time chartered-in Handysize Product Carriers and the Overseas Houston).
Both MR and Handysize product tankers are flexible due to their size, but can also be very complex in their design.
Today, many of the larger MR vessels trade in the Atlantic Basin, carrying ULSD to South America or gasoline from Europe to the U.S., while the smaller MR (<45,000dwt) and Handysize vessels engage in more regional intra-Europe, intra-Middle East and intra-Asia trade (note that the definition of a small MR vessel and a large Handysize can be the same in deadweight tonne capacity, depending on source).
The oldest MRs are now often referred to as Handysize ships, as their deadweight has grown from approximately 27,000 dwt to approximately 55,000 dwt for the largest currently delivered and on order.