NYK Global Bulk Corporation has added spot ships to its fleet of over 90 long-term master ships and operates approximately 100 bulk carriers carrying cargoes in world wide service. NYK Global Bulk operates approximately 100 handy bulk carriers. Bulk carriers are roughly divided into the following three categories. 1. Handy Name for bulk carriers of less than 60,000 tons deadweight capacity. In many cases, the carrier itself may be equipped with cranes to handle all sorts of cargo. The type of handy bulk carrier of 40,000 tons or more of deadweight capacity is called the "handy-max" type. 2. Panamax The name refers to the maximum size that can navigate the Panama Canal. This type can be up to 32.2 meters wide. Panamax bulk carriers are usually of 60,000 to 80,000 tons of deadweight capacity, and are suitable for carrying bulk cargo of industrial commodities like as salt, grain, coal and/or iron ore. 3. Cape Refers to the type of large-scale bulk carrier primarily used for transporting raw materials for making steel (coal and iron ore). This type is considered to be at least 100,000 tons of deadweight capacity, and there are currently super-large ships in excess of 200,000 tons of deadweight capacity.