China Shipyard Denies Stories on Vale's VLOC Orders

Monday, April 23, 2012

China Rongsheng Heavy Industries denies a report distributed by Jinji Cankao Bao on its VLOC newbuildings for Vale S.A.

China Rongsheng Heavy Industries Group Holdings Limited offically denies the false report of “Vale declined to receive three VLOCs built by Rongsheng Heavy Industries” distributed by Jinji Cankao Bao. In order to benefit shareholders, ship-owners and ourselves, the Group always takes swift and necessary actions on clarifying unfounded rumors in the market.

According to the Jinji Cankao Bao’s report, “Rongsheng Heavy Industries, the second largest shipbuilder in China, has already completed three VLOCs ordered by Vale. However, these vessels have been delayed delivery from Vale because of various reasons, and they are still docking in the Rongsheng’s wharf”.

Also the reports mentioned Vale only received one VLOC, which is referring to as VALE CHINA from Rongsheng, and the three another VLOCs have not been delivered to Vale successfully. Jinji Cankao Bao reported, “the second and the third VLOC have been launched last year and still not to be delivered to Vale, even though the VALE DONGJIAKOU, the second VLOC,started sea trail from 27 February. Also, the completed VALE DALIAN and VALE HEBEI are still docking at Rongsheng’s wharf.”

To clarify, China Rongsheng Heavy Industries have announced the latest development on the VLOCs referring to the “China Rongsheng Heavy Industries’ Responses To The Market Concerns” statement released on 11 April 2012. The statement told, ‘Our second VLOC was delivered to Vale and the third is on sea trial now. The fourth and the fifth were already left our dry docks and will soon be carried out for sea trials. The delivery of VLOC is intimate and smooth.”

The inaccurate report caused damage to the reputation of the Group and serious negative impact in the society. We retain the right to further probe into the matter and bring those involved into accountability.

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

People & Company News

WSC CEO Koch to Retire in 2015

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel,

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

HII Board of Directors Elects Two VPs

Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr.

Shipbuilding

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.

HII Board of Directors Elects Two VPs

Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr.

News

WSC CEO Koch to Retire in 2015

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel,

NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1871 sec (5 req/sec)