According to several reports, the Vale Brasil, the world’s largest iron ore carrier on its maiden voyage from Brazil to China, is “highly unlikely” to enter its destination port. Read the story below:
Sources say that the 402,347 dwt Vale Brasil stopped off Durban last week. It is now highly unlikely that it will be able to enter the Chinese port of Dalian.
Industry insiders say that the ship is now on its way back from China and will discharge its cargo in Italy.
It is widely believed that the Italian steelmaker Ilva will receive at least some of the cargo; however, it is not clear if the whole freight will be discharged in the Mediterranean.
There have been some recent rumors regarding China not accepting ships over 300,000 dwt. On the other hand, the reason may also be the ongoing dredging works at the port of Dalian, which would make it difficult for the fully-laden Vale Brasil to enter.
Continue reading the full article at SteelOrbis.com.