Search results for: Vale

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  • 7 December 2015
    Business & Finance

    Brazilian mining giant Vale SA plans to dispose of its remaining 11 Valemaxes though a lease-back deal estimated to be worth around USD 1.1 billion, the company announced on Friday at an investors conference in London. The move comes as Vale pushes to cut transportation costs between Brazil and Asia in an already challenging market […]

  • 22 January 2016
    Business & Finance

    Brazilian mining giant Vale has received a notification from the local court on the suspension of activities at its Port of Tubarão amid environmental concerns. The order, described as a “temporary suspension of activities”, relates to Vale and ArcelorMittal Brazil’s operations at the port’s ore and coal terminals, paralyzing Vale’s export and import. The ruling comes […]

  • 31 December 2012
    Business & Finance

    ‘Vale Sohar’, one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Sheikh Hilal bin Ali Al Habsi, Wali of Sohar. With the capacity to transport 400,000 tons of minerals and the length of four football fields, the vessel docked at […]

  • 28 December 2016
    Business & Finance

    Brazilian mining giant Vale’s recent sale of a very large ore carrier (VLOC) for demolition has reportedly failed, according to a report from GMS, a cash buyer of ships for recycling. “The sale of the VLOC failed to its intended cash buyers and the vessel is now being re-introduced for sale,” GMS said. The vessel in […]

  • 20 May 2015
    Business & Finance

    Brazilian mining giant Vale S. A. (Vale) has concluded the contract with China’s bulk carrier specialist, the China Ocean Shipping Company (Cosco), on the sale four very large ore carriers. The sale of 400,000 tons deadweight carriers, owned and currently operated by Vale, stems from the previously disclosed agreement signed with Cosco on September 12, […]

  • 2 February 2012

    Vale’s vessels are capable of transporting 400,000 tons of iron ore will only dock at Chinese ports in total accordance with the country’s legislation, stated Vale. Adapting ports to receive the giant ore carriers is a highly technical issue, to be addressed in accordance with the local and international maritime legislation, requiring detailed engineering studies […]

  • 17 July 2013
    Business & Finance

    Ending its maiden voyage from Brazil, VLOC ‘Vale Shinas’ has docked at Vale’s deep-water jetty to unload 400,000 tons of iron ore. Measuring a length of 360 meters and width of 65 meters, the arrival of one of the world’s largest vessels at the Port of Sohar was commemorated by the community of Shinas and […]

  • 9 December 2015
    Business & Finance

    Brazilian mining company Vale S.A. (Vale) and a consortium led by ICBC Financial Leasing, a wholly-owned subsidiary of the Industrial and Commercial Bank of China, have concluded the sale and purchase of four very large ore carriers of 400,000 tons deadweight owned and currently operated by Vale. The transaction totaled in USD 423 million. Vale […]

  • 6 December 2016
    Business & Finance

    Brazilian mining giant Vale S.A. has concluded the talks with shipping company Polaris Shipping for the sale of four Capesize bulk carriers. Owned and currently operated by Vale, the Capesizes were sold for a total of USD 140 million, equivalent to USD 35 million per vessel, which will be received by Vale upon the delivery of each ship. One of […]

  • 20 April 2012

    China Rongsheng Heavy Industries Group officially denies the false report of “Vale declined to receive three VLOCs built by Rongsheng Heavy Industries” distributed by Jinji Cankao Bao. For the best benefits to the shareholders, ship-owners the Group always takes swift and necessary actions on clarifying unfounded rumors in the market. According to the Jinji Cankao […]

  • 10 November 2014
    Business & Finance

    Brazilian mining giant Vale has opened a USD 1.4 billion port terminal on the Strait of Malacca, Malaysia. The terminal’s main aim is to cut drastically Vale’s iron ore export costs to Asia and its strategically important Chinese market by accommodating Valemax ore carriers. The Malacca Strait terminal is able to receive and export 30 million […]

  • 6 May 2011

      Anchored in Guanabara Bay, Rio de Janeiro, is the new ship “Vale Brasil”, commissioned by Vale at shipyard Daewoo Shipbuilding & Marine… (SaladeimprensaVale) [mappress] Source: SaladeimprensaVale, May 6, 2011

  • 11 December 2014
    Business & Finance

    China’s Qingdao Port has inked an agreement with Brazilian mining giant Vale to establish a sister-port relationship with Vale’s Ponta da Madeira Port in order to boost iron trade between the two terminals. The agreement stipulates bolstering of cooperation on port development planning, operations management, process optimization and increasing of productivity along with utilization and promotion of […]

  • 22 June 2011

    Brazilian iron ore miner Vale’s first giant ore carrier Vale Brasil built in 2011 is said to have encountered a problem on its first voyage…   (steelorbis) [mappress] Source: steelorbis, June 22, 2011

  • 11 March 2016

    In today’s interactive picture we introduce the giant Valemax-the world’s biggest iron ore carrier, ushered in by the Brazilian mining giant Vale S.A. The 400,000-dwt ship is designed as a specialized very large ore carrier. At 362 meters long, 65 meters wide and 30.4 meters high, the Valemax led to the creation of a new shipping […]

  • 21 March 2016
    Business & Finance

    China Merchants Energy Shipping’s (CMES) subsidiary, Hong Kong Ming Wah Shipping, has signed a deal to transport iron ore for the Brazilian mining company Vale for a period of up to 27 years. The contract was signed by President of CMES, Xie Chunlin, and Vale’s Executive Manager for Shipping and Marketing Iron Ore, Luiz Meriz, in Beijing on March 21. The deal is […]

  • 29 December 2011

      Chinamax ore vessel owned by the Brazilian company Vale started unloading its first iron ore in China on Wednesday after facing strong opposition from Chinese ship owners and steelmakers. The 388,000t Berge Everest, one of the VALE’s massive VLOC’s, berthed at the port of Dalian and the 350,000t of ore must be unloaded by […]

  • 31 December 2012

    Oman Shipping Company’s 400,000 DWT Very Large Ore Carrier (VLOC), the VALE SOHAR, one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community. The ship’s total length is 360m, with the width of 65m and depth of 30.4m. This vessel is designed with lower […]

  • 28 January 2019
    Business & Finance

    The impact on the bulk market is first of all uncertainty.

  • 28 August 2012

    On August 20, China Rongsheng Heavy Industries delivered Oman Shipping’s first 380,000 DWT class VLOC. The vessel, namely VALE LIWA, is the fourth VLOC delivered by the Group following VALE CHINA, VALE DONGJIAKOU and VALE DALIAN. The main engine of VALE LIWA is self-built by China Rongsheng, and which also represents the largest power output […]

  • 1 February 2012
    Business & Finance

      The Port of Tubarão in Vitória has received Vale Rio de Janeiro, a Very Large Ore Carrier (VLOC) which is capable of transporting 400,000 metric tons of iron ore. The docking of this vessel marks the first stage in Vale’s project in Espírito Santo to receive the world’s largest ore carriers. Vale has been […]

  • 22 May 2012
    Business & Finance

      China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, two days ago delivered the third 380.000 DWT VLOC to Vale S.A. (Vale). Vale is always an important strategic partner of China Rongsheng Heavy Industries. With more VLOCs being delivered, it clearly demonstrates the close and smooth partnership between the […]