Monday, December 14, 2020

Vale Ends Use of Converted Very Large Ore Carriers

Brazilian mining giant Vale has announced the final delivery of iron ore using one of its converted very large ore carriers, VLOCs, after the company decided to phase out its...

December 14, 2020
Total Views: 9173

Wednesday, May 30, 2018
stellar samba
Maritime News

Polaris Very Large Ore Carrier Adrift Off Brazil After Fire

One of the world’s largest bulk carriers and a sister vessel to the ill-fated Stellar Daisy is adrift off the coast of Brazil after a fire knocked out power to...

May 30, 2018
Total Views: 89

Monday, October 23, 2017
very large ore carrier
Maritime News

Hyundai Heavy to Build Five More VLOCs for Polaris Shipping

South Korean shipbuilder Hyundai Heavy Industries (HHI) has announced that it has signed a $400 million contract to build an additional five Very Large Ore Carriers (VLOCs) for Polaris Shipping....

October 23, 2017
Total Views: 31

Tuesday, September 26, 2017

Hyundai Heavy Confirms Polaris Shipping Order for 10 VLOCs

South Korea shipbuilder Hyundai Heavy Industries has announced it has signed a $800 million contract to build ten of the world’s biggest iron ore carriers for Polaris Shipping. The contract,...

September 26, 2017
Total Views: 6

Wednesday, August 9, 2017
valemax ship

Vale Sells Two Very Large Ore Carriers for $178 Million

Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million....

August 9, 2017
Total Views: 48

Tuesday, May 30, 2017
Maritime News

MV STELLAR DAISY Loss Casts Shadow Over Fleet of Vale Iron-Ore Carriers

By R.T. Watson (Bloomberg) — A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that...

May 30, 2017
Total Views: 151

Sunday, April 2, 2017

Very Large Ore Carrier ‘Stellar Daisy’ Sinks in South Atlantic

Update (April 2): A KC-130 aircraft with the Brazilian Air Force has joined the search for survivors from the MV Stellar Daisy, which is believed to have sunk in the Atlantic...

April 2, 2017
Total Views: 181

Monday, March 6, 2017

270,006 Tonnes: Largest Iron Ore Cargo Departs Port Hedland

The largest single cargo of iron ore ever shipped from Western Australia’s Port Hedland set sail last week aboard the 300,000 dwt Very Large Ore Carrier HL Tubarao. The Fortescue...

March 6, 2017
Total Views: 217

Friday, April 1, 2016

COSCO Shipping Orders 10 Very Large Ore Carriers

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...

April 1, 2016
Total Views: 36

Wednesday, December 9, 2015
Maritime News

Vale Completes Sale of Four Giant VLOCs for $423 Million

Vale S.A. and a consortium led by ICBC Financial Leasing, a 100 percent owned subsidiary of the Industrial and Commercial Bank of China, have concluded the sale and purchase of four...

December 9, 2015
Total Views: 1

Tuesday, May 19, 2015
Maritime News

Vale Sells China Four More Giant ‘Valemax’ Carriers

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES), as it looks to raise cash in the midst of an iron ore price slump.

May 19, 2015
Total Views: 6

Friday, November 7, 2014
vale brasil vloc bulk carrier valemax

Vale Opens $1.4 Billion Malaysia Terminal

Brazil's Vale SA on Friday inaugurated a $1.4 billion port in Malaysia able to receive and blend iron ore from its mega-ships, an important step in the miner's battle to cut transportation costs to the crucial Chinese market.

November 7, 2014
Total Views: 10

Friday, October 10, 2014
Maritime News

Valemax Iron Ore Carrier Docks at China Port After Deals

A giant iron-ore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed deals with two of China's largest shipping groups in what was seen as a thawing of relations.

October 10, 2014
Total Views: 12

Sunday, September 28, 2014
Vale Rio de Janeiro vloc
Maritime News

Valemax Vessels and Risk, Whether of Execution or Political

In May 2008, capesize vessels – hard to believe now – were averaging $155,000 pd on the spot market, while the ‘front leg’ of the trade Tubarao (Brazil) to Qingdao...

September 28, 2014
Total Views: 271

Wednesday, June 18, 2014
yangzijiang shipbuilding
Maritime News

Yangzijiang Books Fortescue VLOC’s

Yangzijiang Shipbuilding Holdings Ltd has won an order to build four very large ore carriers for Australian iron ore miner Fortescue Metals Group Ltd, company statements and a source familiar with the situation said.

June 18, 2014
Total Views: 2

Tuesday, March 25, 2014
berge everest vloc ore carrier ship
Maritime News

Giant Valemax Ship Delivers Nearly 400,000 Tons of Iron Ore to New Malaysian Terminal

SINGAPORE, March 25 (Reuters) – Top iron ore producer Vale said it has delivered 382,500 tonnes of iron ore via one its giant Valemax ships to a new storage and...

March 25, 2014
Total Views: 294

Monday, February 17, 2014
Maritime News

Vale Sees China Clearing Giant Ore Ships In Time

New tighter Chinese restrictions on Brazilian miner Vale's Chinamax ore carriers are "technical" and are likely to be resolved over time, Vale's head of iron ore, Jose Carlos Martins, said on Monday.

February 17, 2014
Total Views: 4

Friday, November 1, 2013
vale rio de janeiro vloc ore carrier

Shandong Shipping Agrees To Operate Vale’s Giant Valemax Ships

China's state-owned Shandong Shipping Corporation has signed a $500 million deal with Brazilian miner Vale SA to operate four of its giant iron-ore freighters, according to the official Xinhua news agency.

November 1, 2013
Total Views: 9

Monday, October 7, 2013
vale sohar

Oman Shipping Signs $356 Million Loan to Acquire Very Large Ore Carriers

Oman Shipping Company has signed a 137 million rials ($355.8 million) loan with two local banks to fund the acquisition of four Very Large Ore Carriers (VLOCs).

October 7, 2013
Total Views: 4

Tuesday, September 10, 2013

Valemax Bottoms Out in Brazil

A Valemax bulk carrier was damaged Monday after running aground as she departed the Ponta da Madeira terminal in northeastern Brazil.

September 10, 2013
Total Views: 58