Search results for: very large ore carrier

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  • 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 […]

  • 6 April 2017
    Business & Finance

    Hyundai Heavy Industries, Lloyd’s Register, Woodside Energy, Anangel Maritime Services and General Electric Company revealed their intention to commence work on a joint project aimed at exploring the sustainability of technologies for large ships, such as very large ore carriers (VLOCs). This was announced at Gastech 2017, a gas and LNG exhibition and conference being […]

  • 15 June 2017
    Business & Finance

    FMG Sydney, the fourth of eight very large ore carriers (VLOCs) ordered in 2014 by Australian iron ore company Fortescue Metals Group (Fortescue), has arrived into Port Hedland.  The 260,000 dwt newbuilding, which flies the flag of Hong Kong, features a length of 327 meters and a width of 57 meters. Following the deliveries of FMG […]

  • 14 November 2016
    Business & Finance

    Australian iron ore company Fortescue Metals Group Limited has finalized an agreement with the China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) to finance eight Very Large Ore Carriers (VLOCs) currently under construction. The finance lease facility funds 85 per cent of the VLOC cost for a minimum of 12 years on highly flexible […]

  • 29 November 2018

    The world’s first intelligent very large ore carrier has been delivered.

  • 7 April 2017
    Vessels

    Woodside Energy, Anangel Maritime Services, Hyundai Heavy Industries, General Electric Company and Lloyd’s Register joined forces to develop an LNG-fueled very large ore carrier (VLOC) design.

  • 15 September 2006

    The Tokyo-based giant ordered a second 300,000-tonner at Universal Shipbuilding against a long-term charter from Chinese steel mill Beitai Iron&Steel Group. Earlier this month, NYK announced it had signed a 25-year charter with Beitai to import iron ore from Brazil. It will ship around 700,000 tonnes of iron ore per year between November and August […]

  • 9 April 2012

    Oman Shipping Company’s 400,000 DWT Very Large Ore Carrier (VLOC), the VALE SOHAR, was floated out of the construction docks and transferred to the final outfitting berth at Rongsheng Heavy Industries shipyard in China. VALE SOHAR joins VALE LIWA, floated out on March 19th, as the second in a series of four VLOCs currently under […]

  • 29 May 2018
    Business & Finance

    ICBC Financial Leasing and CMES have joined forces to order six very large ore carriers (VLOCs).

  • 12 January 2018
    Business & Finance

    COSCOCS takes delivery of the first of ten 400,000 dwt very large ore carriers from Shanghai Waigaoqiao Shipbuilding.

  • 26 September 2014
    Business & Finance

    Vale S.A. (Vale) and China Merchants Group signed in Beijing on September 26 a contract by which Vale will lease  ten very large ore carriers to be built by China Merchants for a period of 25 years. The VLOCs will be used to transport Vale’s iron ore from Brazil to China.​ This contract can be viewed […]

  • 28 March 2018
    Business & Finance

    HHI has received approval in principle from Lloyd’s Register for an LNG-fuelled 250,000 dwt class very large ore carrier.

  • 8 August 2011

    Brazilian mining giant Vale is in talks with Liaoning-based Chinese shipbuilder Bohai Shipbuilding Heavy Industry Co. on the building of … (steelorbis) [mappress] Source: steelorbis, August 8, 2011;

  • 2 July 2015
    Business & Finance

    China’s ban on very large ore carriers known as Valemaxes seems to have been officially lifted as the 400,000-dwt Valemax Yuan Zhuo Hai readies to call at Dongjiakou port, Qingdao China. The giant ship, owned by China Ore Shipping, has arrived off the coast of China’s Qingdao on Tuesday and is underway toward Dongjiakou where it is expected to arrive […]

  • 2 July 2015
    Business & Finance

    China’s ban on very large ore carriers known as Valemaxes seems to have been officially lifted as the 400,000-dwt Valemax Yuan Zhuo Hai readies to call at Dongjiakou port, Qingdao China. The giant ship, owned by China Ore Shipping, has arrived off the coast of China’s Qingdao on Tuesday and is underway toward Dongjiakou where it is expected to arrive […]

  • 30 April 2015
    Business & Finance

    China COSCO Holdings managed to slash its quarterly annual loss by 45.3%, and is trying to move forward with the previously announced ore transportation agreement with Brazil’s mining corporation Vale. China COSCO ended the first three months of 2015 with a RMB 1.03 billion (USD 166 million) loss, a RMB 877 million improvement compared to the […]

  • 6 June 2007

    DNV is the classification for close to half the world’s fleet of very large ore carriers. This experience has provided unique insights to the demanding structural requirements on these giants of the sea. Owners also recognize that about 37% of the trading routes of these ships is in a harsh environment.

  • 26 September 2017
    Project & Tenders, Vessels

    South Korean shipbuilder Hyundai Heavy Industries (HHI) booked an $800 million order to build ten LNG-ready 325,000 dwt very large ore carriers (VLOCs) for Polaris Shipping.

  • 3 July 2015

    China’s Ministry of Transport and the National Development and Reform Commission issued a notice on Thursday, July 2nd on approving berthing of 400,000 DWT Valemaxes at some of Chinese ports. Specifically, the previously banned very large ore carriers will be able to berth at seven berths in Dagushan port area of Dalian, Caofeidian port area […]

  • 3 July 2015

    China’s Ministry of Transport and the National Development and Reform Commission issued a notice on Thursday, July 2nd on approving berthing of 400,000 DWT Valemaxes at some of Chinese ports. Specifically, the previously banned very large ore carriers will be able to berth at seven berths in Dagushan port area of Dalian, Caofeidian port area […]

  • 6 October 2009

    On 28 September, contracts worth $ 200 million for the construction of a 1380-metre long jetty, sunk 25 metres deep, in the port of Sohar were signed in the Omani capital of Muscat. The next generation of 400,000 dwt ‘Very Large Ore Carriers’ will be able to dock here. The jetty is due for completion […]

  • 8 May 2013
    Business & Finance

    Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd. (BSIC), China Shipbuilding Industry Corporation’s subsidiary,  has been awarded a construction contract for four 250,000 dwt very large ore carriers (VLOCs) by Chinese state-owned Shandong Shipping Corporation, Sinoshipnews informs. The vessels are expected to be completed within the following three-year period. The four VLOCs will be engaged in transportation […]