Oil Supertankers Headed For China Jump To The Highest In A Year
By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling China — the world’s biggest oil...
Vale S.A. notes today that it has suspended force majeure (FM) on a number of its iron ore sales contracts effective as of January 6th, 2014.
FM was declared on December 27th, 2013, as a result of the weather conditions that impacted operations and shipments in the Southeastern System, especially in the state of EspÃrito Santo. Vale managed to limit the impact on iron ore shipments to 2.5 million metric tons (Mt) from the original estimate of 3 to 4 Mt in December of 2013, of which up to 1.3 Mt can be potentially recovered in the first quarter of 2014.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,922 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,922 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up