The daily rental rates for Capesize big ships have dropped $234,000 to $7,340 in weeks, leaving operators stuck with heavy losses on long leases. Empty ships are now crowding Singapore and other global ports.
I'm left wondering about how Capesize seems like a word you'd want to use about your ships. I know it refers to ships that have to go around Africa because they won't fit in the Suez Canal, but still. That's like a 'Crash and Barn' series of airplane, General Casualty (he sounds like a nice guy, but just don't be under his command), or heck, what head of state wouldn't want to go for a ride in the Studebaker Dictator?