Tag: ore carrier

BIMCO recently released an analysis on Converted Very Large Ore Carriers (VLOC), marking that since June 2017, 43% of the VLOC fleet have been sent to the scrapyards, while 18% of the fleet is either idled or damaged. 

In line with predictions for 40% growth in seaborne bauxite market by 2025, Japanese shipping company MOL announced the signing of a five year bauxite transport contract with Alufer Mining Limited, an independent mineral exploration and development company with bauxite interests in the Republic of Guinea.

A Mitsubishi Energy Recovery System supplied by Mitsubishi Heavy Industries Marine Machinery & Engine, has been installed on a Very Large Ore Carrier

Foreign ships restricted on local routes from April

Ship is now on its way back from China Brazilian iron ore miner Vale's first giant ore carrier Vale Brasil built in 2011 is said to have encountered a problem on its first voyage from Brazil to China.Sources say that the 402,347 dwt Vale Brasil stopped off Durban last week. It is now highly unlikely that it will be able to enter the Chinese port of Dalian.Industry insiders say that the ship is now on its way back from China and will discharge its cargo in Italy.It is widely believed that the Italian steelmaker Ilva will receive at least some of the cargo; however, it is not clear if the whole freight will be discharged in the Mediterranean.There have been some recent rumors regarding China not accepting ships over 300,000 dwt. On the other hand, the reason may also be the ongoing dredging works at the port of Dalian, which would make it difficult for the fully-laden Vale Brasil to enter.Source: SteelOrbis