This type of ship had been around since the early 1900s, but they were usually used for transporting smaller loads of cargo such as grain or fertilizer.
Handysize, handymax, panamax, capesize. #drybulk
These are the names of four ship types that are used for transporting large amounts of cargo around the world. The names refer to their size and the maximum amount of cargo they can carry.
The concept for the capesize was first developed in the early 1960s by an engineer named Peter Hurst. His idea was to build a ship that could carry more than 200,000 tons of cargo but still remain affordable enough for most companies to use it.