Brazilian miner Vale is in negotiations to sell its 19 owned VLOCs originally designed to transport iron ore to China, Seatrade Asia Online reports. Vale ceo Murilo Ferreira told the O Globo newspaper in Brazil that negotiations to sell the 19 400,000 dwt were “fairly advanced with a foreign shipowner” with the ships then leased back to the mining company. In total 35 vessels were ordered with the other 16 owned by third parties.
To date six VLOCs have been delivered and none have been able to call in China. Last week the STX Pan Ocean owned Vale Beijing developed cracks in its ballast tanks when loading for its maiden voyage from Brazil.
To date six VLOCs have been delivered and none have been able to call in China. Last week the STX Pan Ocean owned Vale Beijing developed cracks in its ballast tanks when loading for its maiden voyage from Brazil.