Vale’s Valemax Ships Regain Admittance to Asian Ports

Reuters.com
Monday, April 29, 2013

Vale SA of Brazil said it has increased access of its Valemax iron ore carriers to Asian ports. The company even docked one of its ships in China where a ban on the giant vessels has been in effect for more than a year, Reuters.com reported.

Reuters reported on April 18 that the Vale Malaysia docked at China's port of Lianyungang April 15 and left April 17 after unloading its cargo, but the 402,285 deadweight ton (dwt) ship, one of the world's largest bulk freighters, was only partly loaded.

The company hopes the giant ships will help slash costs of shipping ore to China, the world's largest iron ore market and compete with Australian rivals BHP Billiton Plc and Rio Tinto Plc, whose mines are closer to Chinese customers.

Though most of the vessels were built in China with Chinese government finance, alleged safety concerns led China to ban the Brazilian miner's mega ships in early 2012 after a Korean-built Valemax developed a hull crack on its maiden voyage, Reters said. The ban also aimed to protect China's industry against an overabundance of vessels that stifled global shipping rates. Under the ban, no bulk cargo vessels of more than 300,000-dwt have clearance for Chinese ports.

The 35 Valemax vessels afloat or under construction -- the last is scheduled for delivery this year -- can reduce transport costs by up to a third and produce far fewer greenhouse gasses. Vale owns part of the fleet and has given third-party owners long-term contracts to ship ore with the rest.

In April, Vale opened a second floating iron ore distribution station in the Philippines to keep the Valemax ships working despite the Chinese ban and to make sure Valemax ore can move to ports that are not deep enough or properly equipped to handle them. The floating bulk freighters with ore-moving equipment have the capability to transship ore from the Valemaxes to smaller vessels for the final trip to Asian ports.

Vale is also working to open new ports to Valemax ships in Japan and Korea.

www.reuters.com
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

NewLead Fixes Newcomer, "Newlead Castellano"

NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

Ports

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2669 sec (4 req/sec)