Tag: Vale

Vale announced that it signed a MOU with the Port of Açu to study the development of a Mega Hub at the port located in São João da Barra in the state of Rio de Janeiro, to produce HBI (hot briquetted iron) using the direct reduction route.

Mitsui O.S.K. Lines and Vale International SA have announced a partnership to retrofit a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale.

A Brazilian court has ordered Vale SA, the world’s largest iron ore miner, to suspend operations at two more dams. The court demanded the company to prove the structures are stable, following an accident in the Vale's facilities in January that killed about 300 people.

Following the recent tragedy of Stellar Daisy which sank on March 2017 and resulted in the loss of 22 seafarers, Vale is reported to continue shipments with sister VLOCs. The Brazilian mining giant had previously paused its operations with the remaining VLOCs of Polaris fleet after cracks were discovered.

Foreign ships restricted on local routes from April

Vale' s huge iron ore ship back in service after maiden accident

For the first time ever, Japan has received a Valemax ship, the world's biggest ore carrier with the capacity to transport up to 400,000 metric tons and capable of reducing carbon emissions by 35% per ton of ore transported. The vessel, which is operated by Vale, docked at Nippon Steel Corporation (NSC)'s Port of Oita on this Monday, June 18.A ceremony to celebrate the ship's arrival was attended by the country manager of Vale in Switzerland, Renato Neves; NSC Director Shinichi Fujiwara; the CEO of Bergebulk, James Marshall, the ship owner; and Brazil's Ambassador to Japan, Marcos Galvão.This was the maiden voyage of the ship, which belongs to Norwegian company Bergesen Worldwide (BW Group) and is called Berge Aconcagua. The vessel is the seventh Valemax ore carrier completed. Read about the ship's characteristicsThis type of ship is considered eco-friendly as its carbon dioxide emissions per ton of ore transported are 34% less than those of conventional ships with around 200,000 metric tons of capacity. This is because of the use of more modern equipment that consumes less diesel. Valemax ore carriers adhere to strict safety standards and will contribute to reductions in the cost of seaborne transportation of ore iron ...

Vale considering S.Korea as a trans-shipment hub Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships.China, the world's largest iron ore importer, has closed its ports to Vale's huge dry bulk carriers after domestic ship owners protested against the arrival of the first and only so-called Valemax into the country in December.That has forced Vale to take a more costly route to deliver iron ore to China, opening up a trans-shipment hub in the Philippines' Subic Bay port in February. The world's top iron ore exporter will also open a hub in Malaysia in 2014 and is considering projects in South Korea and Japan.Vale's board of directors has approved the building of the floating storage vessel but the firm has yet to decide where it will operate when completed, said Claudio Alves, Vale's global marketing director."We are in the final contracting process and South Korea could be one possibility," Alves told reporters at a ceremony to name two Valemaxes. Many of the Valemaxes have been financed by Chinese ...

Vale welcomed Chinese companies, including COSCO, to transport their goods The world's top iron ore exporter, Brazil's Vale (VALE5.SA), is not excluding Chinese shipowners from transporting its iron ore and remains open to selling its huge dry bulk carriers to them, industry officials said on Wednesday.A senior Vale official met the China Shipowners' Association on Friday to smooth relations after Chinese industry officials said the miner stopped hiring vessels from some firms in retaliation for Beijing's ban on its ships.Chinese shipowners convinced Beijing in January to block the world's biggest dry bulk ships from entering Vale's top market due to concerns over safety and the vessels' potential impact on loss-making domestic shipping companies."The Vale official said there was some misunderstanding. They welcomed Chinese companies, including COSCO, to transport their goods," said Zhang Shouguo, the industry group's secretary general who attended the meeting in Beijing.Vale wants to manage a fleet of 35 Valemaxes, each of which can carry up to 400,000 tonnes of cargo, to slash shipping costs to China and better compete with Australian rivals BHP Billiton (BLT.L) (BHP.AX) and Rio Tinto (RIO.L) (RIO.AX).But Beijing's ban has forced Vale to take a more costly route to deliver iron ore to ...

Says China shipowners association The China Shipowners Association (CSA) said on Thursday it will closely monitor Brazilian miner Vale's mega vessel operations as one of its top priorities this year, underscoring the intense pressure Vale faces from its largest customer.China is the world's largest iron ore importer, and Vale is spending billions of dollars on a fleet of giant ore carriers, called Valemaxes, to slash transport costs and speed up shipments to its top customer.But the miner's ambitious plans have collided with stiff protest from the influential CSA, which fears the mega vessels will harm the domestic shipping industry and has successfully lobbied Beijing to slap a ban on Valemaxes from docking at Chinese ports."The global freight market will remain sluggish and the glut faced by the shipping sector won't improve in the short term," the CSA said on its website. Local media reported that some Chinese shipyards have not received new orders since the middle of last year, putting them on the brink of going bankrupt unless the shipping sector improves. Source: Reuters