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  • 2011 September 5 05:57

    Vale says not affected by COSCO lease disputes

    Brazilian mining giant Vale said it did not experience any lease dispute with shipping conglomerate China COSCO Holdings Co Ltd's and it was business as usual between the two firms, Reuters reports.China's top shipping conglomerate has sought better terms for lease contracts signed during the peak of the market in 2008, but its decision to halt payments to several shipowners in recent weeks has threatened to taint its reputation in the international shipping community.

    Vale was not one of those companies and its working relation with the Chinese shipping firm is still intact, the miner said.

    "We did not register any problems with Cosco recently," Vale's global marketing director Pedro Gutemberg told Reuters. "It is business as usual."

    China COSCO Holdings Co Ltd's president said last week the company had resolved lease disputes with shipowners on 18 vessels, and at least two Greece-based shipowners said they hoped to reach a settlement soon.
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2024 November 2

12:30 World's first conversion of large container ship to run on methanol successfully completed
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11:24 HRDD completes desulphurization tower system conversion for a PCTC
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2024 November 1

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16:54 KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
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15:44 HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24 Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36 EU imposes duties on unfairly subsidised electric vehicles from China
14:23 Port of Montreal workers at two terminals start new strike
13:41 Chinese ports container volume rises 7.7 % from January to September of 2024
13:22 MOL, COSCO Co-host 6th Shanghai International LNG Shipping Forum
12:43 Global schedule reliability drops to 51.4% in September 2024
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09:58 EU greenhouse gas emissions fell by over 8% in 2023

2024 October 31

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14:59 Major fire extinguished at UK nuclear submarine yard
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13:44 Maersk reports Q3 results
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11:39 Japanese сonsortium produces design concept for eco-friendly VLCC
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18:00 East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
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14:45 Jiaxing Port adds a new sea-river intermodal operation area
13:32 Maersk signs long-term methanol sourcing deal
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2024 October 29

18:00 The U.S. Environmental Protection Agency announces selections for nearly $3 bln of investments in Clean Ports
17:34 Asyaport becomes first Turkish port to provide shore power to container ships
17:00 Port of Los Angeles awarded $412 million grant from U.S. EPA for zero-emission transformation
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15:46 Wallenius Wilhelmsen signs five-year, $766 million deal
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13:50 CMA CGM and Marsa Maroc join forces in a joint venture to equip and operate half of the Nador West Med container terminal
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12:11 ClassNK issues approval in principle for new membrane-type LNG carrier without filling limits
11:40 Maersk and Danone partner to reduce the greenhouse gas emissions of seaborne logistics with ECO Delivery
11:12 SAFEEN Subsea launches unmanned vessel for offshore operations