China Ore Exports Slump – Vale Giant Carriers Idle

Bloomberg
Friday, April 06, 2012

Bulk iron ore carriers, Vale China & Vale Brasil in Subic Bay, Philippines, await  orders

Vale SA, the biggest producer of iron ore, idled two of the world’s largest carriers of the commodity for as long as a month and delayed taking delivery of two new vessels after Brazilian cargoes to China slumped, according to a recent Bloomberg report authored by Michelle Wiese Brockman.

Vale China and Vale Brasil, both able to carry 400,000 metric tons, stayed at Subic Bay where they unloaded, according to vessel tracking data compiled by Bloomberg. A spokeswoman for Vale in Rio declined to comment, in an e-mailed response to questions, asking not to be named in line with company policy.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

New Zealand: Maritime Trade is Key

Globally, shipping is on the rise – already 80-90 percent of the world’s trade is by ship; that is more than 12 billion metric tons of goods annually, shipped by 1.

The American Club Reports Solid Progress in 2015

The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the

Bulk Carrier Trends

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Slowing Shipping Fleet Growth to Ease Officer Shortage

Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0811 sec (12 req/sec)