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Ore Carrier

China & Brazil Sign $1.6B Shipbuilding Pact

Brazilian mining giant Companhia Vale do Rio Doce (Vale) reportedly signed a $1.6 billion agreement with Chinese Rongsheng Shipbuilding and Heavy Industries to build 12 large ore carriers, according to a report on Xinhua.  The ships, each with a 400,000 dwt capacity, are the largest ore carriers to be built in the world. The fleet will have an estimated capacity to carry 30.2 million metric tons of iron ore per year, which represents 31 percent of Vale's shipments to China in 2007, Vale said. According to Vale, the new ships have high safety standards and will reduce the high cost of long haul maritime transportation of iron ore to steelmakers.    The first of the carriers is due to be ready in early 2010. All12 carriers should be ready by 2012. The fleet will be part of Vale's Brazil-Asia shuttle service, which currently has six large ore carriers. Vale has an investment program of $59 billion during 2008 to 2012 period. (Source: Xinhua)  


JFE’s Ship Unit Targets Orders for Five Vessels

JFE Holdings Inc.’s shipbuilding unit is reportedly aiming to win orders for as many as five iron ore carriers, according to a report on www.businessweek.com. Iron-ore carriers including Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd. are expanding dry-bulk fleets to tap demand for the steelmaking material. Exports of the ore from Australia, the world’s largest shipper, are forecast to rise at an average annual rate of 7 percent to 2015


Largest New Shipping Order

China's largest private shipbuilder has signed this year’s biggest deal in terms of dead weight tons, according to the company. Jiangsu Rongsheng Heavy Industries Group signed a contract Friday with Oman Shipping to build four iron ore carriers, each with a dead weight of 400,000 tons. The deal is the second largest for the company after a contract for 12 iron ore carriers was inked with Brazilian mining giant Vale last August


This Day in Coast Guard History – September 13

1941-After the Danish government in exile asked the U.S. to protect Greenland, the cutter Northland seized the Norwegian sealer Buskoe, with Nazi agents on board trying to establish radio and weather stations in Greenland, in MacKenzie Bay, Greenland.  The capture of the Buskoe was the first U.S. naval capture of World War II. 1953-When the 6,000 ton ore carrier SS Maryland grounded off Marquette, Michigan, a Coast Guard helicopter


Iron-Ore Ship Rates Rise as China Spends

Iron-Ore carrier daily rates rebound as China spends US$158-billion. Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program, reports Bloomberg Business News. Capesizes, each carrying 160,000 metric tons of ore, will earn $12,500 a day in the fourth quarter


China Policy Change Opens Door for Vale Mega-Ships

A Valemax bulk ship at the dock in Japan (photo: Vale)

China has amended rules around ships it will allow to berth at mainland ports, paving the way for Brazilian miner Vale to ship iron ore in its giant 400,000 deadweight tons (DWT) carriers. Vale's mega ships, the world's biggest bulk ore carriers, have been barred from China since January 2012 due to rules which disallowed ships of more than 250,000 dwt in capacity. An internal circular issued last week by the Ministry of Transport and seen by Reuters on Wednesday said it would now


Iron Ore Carrier Ore Sao Luis Completed

Tokyo—Mitsui O.S.K. Lines Ltd. announced the completion of the 297,000-ton iron ore carrier Ore Sao Luis at the Universal Shipbuilding Corporation, Ariake Shipyard. The Ore Sao Luis will transport iron ore from Brazil mainly to China, under a long-term contract with Vale.   Among those on hand for the naming and delivery ceremonies were Vale International General Manager, Shipping, Pietro Allevato, who named the vessel


China Rongsheng Names, Delivers 380,000 dwt VLOC's

Vale VLOC: Photo credit Vale S.A.

China Rongsheng Heavy Industries christened the first of two 380,000 DWT Very Large Ore Carriers built for Oman Shipping deliivers another of the same to Vale S.A.  China Rongsheng Heavy Industries Group Holdings Limited today christened the first two 380,000 DWT Very Large Ore Carriers (“VLOC”) built for Oman Shipping Company S.A.O.C. (“Oman Shipping”). The vessels will set for sea trial and enter into the final delivery stage soon.


Bazil's Vale, China's CMES Sign VLOCs Agreement

MS Vale Brasil. Photo: Vale

 Brazilian mining giant Vale and the China Merchants Group (CMES) signed an expanded framework deal for strategic co-operation on iron ore shipments. Vale has agreed to sell four large iron-ore carriers to CMES.   The world's largest producer of iron ore said in a statement the details of the contract had not yet been finalized and will be released in the coming months.   "No price has yet been disclosed for the four vessels


CSD, Cosco JV to Buy Vale's Bulk Carriers

Ma Zehua (Chairman of Cosco Group),  Xu Lirong (Chairman of China Shipping Group) Murilo Ferreira (President&CEO of Vale) and Gurinder Singh(Director of Shipping & Distribution of Vale) attended the Signing Ceremony and signed the agreement on behalf of each party. Photo by Cosco

 China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them.   CSD and Cosco’s bulk shipping division Cosco Bulk Shipping holds 49% and 51% equity shares in the JV respectively.    China Ore Shipping will buy four second-hand valemax vessels from Vale Shipping Singapore Pte


‘Vintage’ Converted VLOCs Still Profitable -BIMCO

(Image: BIMCO, Clarksons)

With an average age of 23.8 years, the fleet of very large ore carriers (VLOC) converted from very large crude carriers (VLCC) is vintage compared to the average age of 5.7 years for non-converted ore carriers above 200,000 DWT, according to BIMCO.  


Inspection of Ships of 18 Years or Older in Brazil

Image: The Standard Club

 The Standard Club has been informed by its local correspondent in Brazil that following recent casualties involving bulk carriers, a series of new inspection requirements have been imposed in Brazilian ports for certain ships that are 18 years or older.  


EMP Aquarius MRE Prepares for Sea Trials

Aquarius MRE Technologies and Project Partners. Image: Eco Marine Power

 Eco Marine Power (EMP) has begun preparing for sea trials of its Aquarius Marine Renewable Energy (MRE) solution in co-operation with strategic partners and ship owner Hisafuku Kisen K.K. of Onomichi, Japan.   This preparatory work will lead to the world’s first installation of


Vale Sells Two Large Ore Carriers for $178 Mln

Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million.   The company said it received the payment on August 8 and that it is in talks to sell two remaining ships of the same class (VLOC


Iron Ore Carrier for Kobe Steel Named Shinzan Maru

ShinzanMaru, a newbuilding iron ore carrier that will sail under a long-term transport contract with Kobe Steel, Ltd.  Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced that on October 27, a naming ceremony for the Shinzan Maru, a newbuilding iron ore carrier that will sail under a long-term transport contract with Kobe Steel, Ltd., was held at the Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd.


MOL ‘Tabletop Drill’ for Serious Marine Incident

Scene of Emergency Control Headquarters during the drill Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced that the company conducted a tabletop drill based on a scenario in which an iron ore carrier, managed by its group ship management company, collided with a breakwater, leaving it stranded in the Port of Kashima.


‘The Best Kept Secret in Shipbuilding’

Caring for the Great Lakes fleet: during the winter months is a core business for Bay Shipbuilding Company. Pictured, the 2015 Winter Fleet. (Photo: Bay Shipbuilding)

In 2009, Italian shipbuilding giant Fincantieri S.p.A, purchased the assets of the Manitowoc Marine Group; which included Bay Shipbuilding Company. Located in Sturgeon Bay, Wis., Bay Shipbuilding was the “feather in the cap” with their long history in U.S


Great Lakes Shipyards Heating up for Winter

© chirnoagarazvan / Adobe Stock

As temperatures drop, the pace is heating up at Great Lakes shipyards where winter is typically the busiest season, and this year is no exception. U.S.-flag Great Lakes vessel operators will spend more than $80 million to maintain and modernize their vessels for the 2017 shipping season


Sulu Sea Kidnappings a Threat to Shipping - IMB

File Image: Suspected pirates off Somalia are intercepted by authorities (CREDIT: IMB)

The Sulu Sea between eastern Malaysia and the Philippines has become dangerous for merchant shipping due to rising threat of kidnappings, the International Maritime Bureau (IMB) said on Tuesday.   The Sulu archipelago is a stronghold of the Abu Sayyaf


Pirates Attacking Bigger Ships off Philippines

File Image: a piracy interdiction operation (Credit: IMB)

Attacks in waters east of Philippines shift to big ships; ReCAAP, security groups recommend avoiding Sulu and Celebes Seas.   Asian pirates are focusing more of their attacks on larger merchant ships near the Philippines, hoping for bigger ransom payments from kidnapping their crew


Korean Cargo Ship Missing

A large South Korean cargo ship with 24 crew on board is believed to have sunk in the Atlantic Ocean after making an SOS call, News agencies reported quoting the Uruguayan navy.   The Stellar Daisy was missing after making its last contact in the South Atlantic about 2,500 kilometres (1


EMP Inks Deal to Supply Aquarius MAS

Marine grade solar panel and frame at Teramoto Iron Works, Onomichi, Japan (Photo: EMP)

 Eco Marine Power (EMP) has signed a Memorandum of Understanding (MOU) with a Singapore based shipping company to supply its Aquarius Management and Automation (MAS) + Solar solution. The solution will also include hardware and software that will allow ships to monitor fuel oil consumption in


ABS Initiative Improves Bulker Loading Safety

Photo: ABS

 ABS has introduced a new service and analysis tool that will allow atypical cargoes on bulk carriers. The software streamlines loading analysis and provides a safer approach to loading atypical bulk cargo.   “ABS understands that maintaining a leadership role means finding ways


Polaris Orders 3 Iron Ore Carriers at Hyundai

Pic: Polaris Shipping Co

 South Korean shipping firm Polaris Shipping Co has placed an order with Hyundai Heavy Industries (HHI) to build three very large iron ore carriers, Yonhap reported.   Polaris said the 325,000-ton iron ore carriers will replace some of its aged ships


Great Lakes/Seaway Iron Ore Trade Up Slightly in May

© James Pintar / Adobe Stock

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.1 million tons in May, an increase of 1.8 percent compared to a year ago, the Lakes Carriers' Association (LCA) reported. However, shipments trailed the month’s 5-year average by 5 percent.  






 
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