Join our crew and become one of the 104,719 members that receive our newsletter.

Tubarão Port Complex vale

Vale Declares Force Majeure on Iron Ore Sales Contracts

Rob Almeida
Total Views: 16
December 28, 2013

Tubarão Port Complex, Agencia Vale

Vale SA, the Brazilian iron ore mining giant has declared force majeure on a number of its iron ore sales contracts as a poor weather conditions have caused floods and landslides affecting iron ore transport through the state of Espi­rito Santo.

Parts of the EFVM railway linking the iron ore mines and Tubarão Port have been partially or completely shut down according to Vale.

Vale says the current estimated impact on iron ore shipments is in the range of 3 to 4 million tons in 2013, of which up to 2 million tons can be potentially recovered in the first quarter of 2014.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 104,719 members delivered daily straight to your inbox.

Join Our Crew

Join the 104,719 members that receive our newsletter.