CVRD Sells Docenave Ships
Companhia Vale do Rio Doce (CVRD) announces that it concluded the sale of two ships of its wholly owned subsidiary, Navegacao Vale do Rio Doce S. A. - DOCENAVE (DOCENAVE) to Magna Marine Inc., for US$ 36 million. Both ships have already been delivered to the new owner. This transaction is another step in the divestiture of the long haul dry bulk shipping business, in accordance with the strategic guidelines established in 2001. Since then, CVRD has sold 14 (fourteen) ships for the total amount of US$ 134.7 million. Thus, from its old fleet, Docenave remains with three ships, which CVRD intends to sell. Docenave continues to operate in the coastal shipping and port services businesses, which are full components of the CVRD logistics business.
Brazil's Container Shipping Sector Undergoes Changes
Brazil's container shipping sector is undergoing another scene change as players in the sector again change partners. Carriers Transroll Navegacao and Alianca Transportes Maritimos SA are to launch a Brazilian coastal service following the collapse of an agreement between Transroll and bulk shipping group Docefrota, according to sources at the companies. The news follows weeks of speculation about talks between the two Rio de Janeiro based companies and various other Brazilian shipping lines. Rival carriers Docenave, Global Transporte Oceanico, Frota Oceanica y Amazonica, Neptunia Companhia de Navegacao have all been involved in talks regarding coastal services, known as cabotage, shipping sources say.
