Vale has announced the construction of a second floating iron ore transfer station in Subic Bay, Philippines. These transfer ships facilitate the transfer of iron ore cargo from the 400,000 DWT “Valemax” ore carriers, to smaller vessels. Normally, such transfers would happen once these ships enter port, however China, which is Vale's biggest customer, has yet to … [Read more...]
New Maritime Additions to the Iron Ore Trade, Vale’s Ore Fabrica and Mitsui’s Tom Price
Bedeschi, an Italian company specializing in bulk loaders and unloaders gives us a first look at the Ore Fabrica, the world's largest floating dry bulk transshipment vessel in operation off the Philippines. As we've covered in the past, Brazilian mining giant, Vale S.A. has recently faced political roadblocks which have mostly prevented their fleet of 400,000 DWT iron ore … [Read more...]