Marine Link
Monday, September 26, 2016

Vale: 200,000 Tns/Day of Iron Ore Halted at Tubarão Port

January 22, 2016

The court-ordered closure of miner Vale SA's Port of Tubarão in Brazil has blocked the loading of some 200,000 tonnes of iron ore per day, the company said in a Friday statement.
 
The court order, issued on Thursday due to pollution concerns, is also blocking access to 44,0000 tonnes of imported coal per day, which supplies much of Brazil's steel industry. Also on Friday, Moody's (MCO) put Vale's credit rating on review for possible downgrade to "junk" status.


(Reporting by Jeb Blount; Editing by Bernard Orr)


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News