Brazilian mining giant Companhia Vale do Rio Doce (Vale) reportedly signed a $1.6 billion agreement with Chinese Rongsheng Shipbuilding and Heavy Industries to build 12 large ore carriers, according to a report on Xinhua. The ships, each with a 400,000 dwt capacity, are the largest ore carriers to be built in the world. The fleet will have an estimated capacity to carry 30.2 million metric tons of iron ore per year, which represents 31 percent of Vale's shipments to China in 2007, Vale said. According to Vale, the new ships have high safety standards and will reduce the high cost of long haul maritime transportation of iron ore to steelmakers. The first of the carriers is due to be ready in early 2010. All12 carriers should be ready by 2012. The fleet will be part of Vale's Brazil-Asia shuttle service, which currently has six large ore carriers. Vale has an investment program of $59 billion during 2008 to 2012 period. (Source: Xinhua)
JFE Holdings Inc.’s shipbuilding unit is reportedly aiming to win orders for as many as five iron ore carriers, according to a report on www.businessweek.com. Iron-ore carriers including Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd. are expanding dry-bulk fleets to tap demand for the steelmaking material. Exports of the ore from Australia, the world’s largest shipper, are forecast to rise at an average annual rate of 7 percent to 2015
China's largest private shipbuilder has signed this year’s biggest deal in terms of dead weight tons, according to the company. Jiangsu Rongsheng Heavy Industries Group signed a contract Friday with Oman Shipping to build four iron ore carriers, each with a dead weight of 400,000 tons. The deal is the second largest for the company after a contract for 12 iron ore carriers was inked with Brazilian mining giant Vale last August
Iron-Ore carrier daily rates rebound as China spends US$158-billion. Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program, reports Bloomberg Business News. Capesizes, each carrying 160,000 metric tons of ore, will earn $12,500 a day in the fourth quarter
1941-After the Danish government in exile asked the U.S. to protect Greenland, the cutter Northland seized the Norwegian sealer Buskoe, with Nazi agents on board trying to establish radio and weather stations in Greenland, in MacKenzie Bay, Greenland. The capture of the Buskoe was the first U.S. naval capture of World War II. 1953-When the 6,000 ton ore carrier SS Maryland grounded off Marquette, Michigan, a Coast Guard helicopter
Tokyo—Mitsui O.S.K. Lines Ltd. announced the completion of the 297,000-ton iron ore carrier Ore Sao Luis at the Universal Shipbuilding Corporation, Ariake Shipyard. The Ore Sao Luis will transport iron ore from Brazil mainly to China, under a long-term contract with Vale. Among those on hand for the naming and delivery ceremonies were Vale International General Manager, Shipping, Pietro Allevato, who named the vessel
China Rongsheng Heavy Industries christened the first of two 380,000 DWT Very Large Ore Carriers built for Oman Shipping deliivers another of the same to Vale S.A. China Rongsheng Heavy Industries Group Holdings Limited today christened the first two 380,000 DWT Very Large Ore Carriers (“VLOC”) built for Oman Shipping Company S.A.O.C. (“Oman Shipping”). The vessels will set for sea trial and enter into the final delivery stage soon.
China Rongsheng Heavy Industries Group Holdings Limited has delivered the 380,000 dwt class Very Large Ore Carrier (VLOC) 'Vale Caofeidian' to Brazil's Vale S.A. The vessel is the fourth 380,000 DWT class VLOC delivered by the Group this year and its eleventh delivery of VLOC's overall. The Chinese shipbuilders have successfully delivered 11 VLOCs, while most of those remaining have been launched and are under outfitting process.
Singapore’s Berge Bulk to sign a LOI for the constructions with CSSC Guangzhou Longxue Shipbuilding & CSIC Bohai Shipbuilding Heavy Industry. Singapore’s Berge Bulk is planning to place an order for up to eight very large ore carriers (VLOC) at China’s two state-owned shipyards. The eight newbuildings are scheduled for delivery in 2014 and 2015 and are expected to cost around $57-58m per ship.
More than 250 responders from 50 different federal, state and local agencies will test Lake Erie contingency plans in a two-day mass casualty and pollution exercise beginning Nov. 5 at the Erie Port Authority Cruise Ship Visitors Terminal. The exercise, centered around a simulated collision between a cruise ship and an ore carrier, is designed to focus on a broad range of themes including search and rescue, emergency medical care, immigration, law enforcement and environmental response
Massive, thick ice formations on the Great Lakes limited iron ore shipments in March to 1.1 million tons, a decrease of 43 percent compared to a year ago, the Lake Carriers’ Association (LCA) said in a news release. Shipments from U.S. Great Lakes ports fell even more, 52 percent.
China, Japan shipyards reel-in the orders in the past week, Korea figures too in the VLGC sector: interestingly there was just one new order in the tankship market, reports Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Dry bulk ships
Reuters- Dry bulk carrier Golden Ocean Group Ltd expects double-digit growth in global iron ore trade in 2014, helping its markets pick up momentum and improving rates, the company's CEO Herman Billung said at a conference in Oslo on Wednesday.
Reuters - Brazil's Vale SA will launch in March the first phase of its iron ore storage and distribution center in Malaysia that will improve its access to China, its biggest customer, a company official said on Tuesday. The world's top iron ore miner
Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore.
Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Siemens Energy Solutions Ltd. signed a Memorandum of Understanding at COEX Intercontinental Hotel in Seoul on December 10, 2013 to develop Mobile Powership
KEI System Ltd (KEI) and Eco Marine Power (EMP) have jointly established the Aquarius Innovation Lab in Osaka, Japan, which includes an indoor test centre plus an outdoor area for evaluating the performance of hardware such as solar panels, rigid sails & wind power devices.
A relatively quiet week in the shipbuilding sector according to the latest report Clarkson Hellas S&P Weekly Bulletin. Dry Bulk Carriers Henghou Industries have contracted two further vessels in a series of 250,000 dwt ore carriers at Guangzhou Longxue
Federal Maritime Commissioner William P. Doyle addressed attendees of the Center For Strategic and International Studies (CSIS) Arctic Maritime Awareness seminar on September 27, 2013. The seminar, held at the Finnish Embassy in Washington, DC
Thanks to its unique depth, the largest vessels in the world will be moored in the port of Rotterdam this week. On Friday , August 16, all attention will focus on the first visit of the Maersk Mc-Kinney Moller. With a capacity of 18,000 TEU (twenty-foot containers)
The largest vessels in the world will be moored in the port of Rotterdam in the next 7 days, thanks to the port's deep-draft facilities. On Friday 16 August, all attention will focus on the first visit of the Maersk Mc-Kinney Moller. With a capacity of 18,000 TEU (twenty-foot containers)
Two SB-138P polyethylene buoys with solar-powered ML-140 LED lanterns from Tideland Signal are being used to mark wrecks in the approaches to the port of Narvik in the far north of Norway. The new SB-138P buoys are replacing old battery-operated steel buoys from the 1980s that required
Robust automation, control and management system for marine renewable energy solutions. Eco Marine Power (EMP) and KEI System Ltd (KEI) of Osaka, Japan, announced today that they will release later this year, the Aquarius Monitoring and Automation System or Aquarius MAS – a marine
The Pilbara Apollo, the latest addition to the RAstar 3200 escort tug series was delivered to its owners, Rio Tinto Ltd., earlier this year. The vessel was constructed at Uzmar Shipbuilding Industry Co. in Turkey and will operate at Rio Tinto’s iron ore export facilities at Cape Lambert
Greek shipowners order construction of iron-ore carriers in the belief that the 5-year charter-rate slump is coming to an end. The companies ordered 12 Capesizes last quarter, the most since the beginning of 2008, according to data from Golden Destiny SA, a shipbroker in Piraeus, Greece