Brazilian iron ore producer Companhia Vale do Rio Doce may consider the possibility of ordering up to 10 very large ore carriers as part of a deal with the Shougang Group, China’s sixth largest steelmaker.
CVRD was due to sign a memorandum of understanding yesterday with Shougang that could include the development of a marine transport fleet along with iron ore blending and pellet plants at Caofeidian port in eastern China.
As part of its agreement with Shougang, CVRD would use an ultra large capesize fleet to reduce the cost of shipping iron ore by between $3 and $5 per tonne.
The vessels could either be owned by CVRD or by shipping companies that would charter the vessels on long-term agreements.
CVRD was due to sign a memorandum of understanding yesterday with Shougang that could include the development of a marine transport fleet along with iron ore blending and pellet plants at Caofeidian port in eastern China.
As part of its agreement with Shougang, CVRD would use an ultra large capesize fleet to reduce the cost of shipping iron ore by between $3 and $5 per tonne.
The vessels could either be owned by CVRD or by shipping companies that would charter the vessels on long-term agreements.