Photo credit: Vale
SHANGHAI, April 1 (Reuters) – China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news agency reported late on Thursday.
The value of the contract was not disclosed, but all 10 of the vessels will be large 400,000 tonne ships, Xinhua said.
The vessels would help COSCO Shipping meet a long-term agreement signed last month with Brazil’s Vale SA to ship 16 million tonnes of iron ore per year for the miner for almost the next three decades, the report added.
China COSCO Shipping Corp was launched in February following the merger of former rivals China Ocean Shipping (Group) Co and China Shipping Group. (Reporting by Adam Jourdan; Editing by Richard Pullin)
(c) Copyright Thomson Reuters 2016.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,770 members that receive our newsletter.
Have a news tip? Let us know.
By Wladimir Pantaleone and Angelo Amante PALERMO, Italy, Dec 20 (Reuters) – Acourt on Friday acquitted Italian Deputy Prime Minister Matteo Salvini of charges of kidnapping over 100 migrants aboard a boat he had...
Denmark has rejected a Japanese request to extradite anti-whaling activist Paul Watson over criminal charges dating back more than a decade, a Danish lawyer representing Watson said on Tuesday.
A 37-year-old crew member was saved after spending three harrowing days adrift at sea following alleged abuse aboard a fishing vessel. Afif Efendy, a crew member of the fishing vessel...
Maritime and offshore news trusted by our 109,770 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
