Brazilian shipowner Vale recently completed the final operational voyages of its fleet of single-hulled very large ore carriers (VLOCs) that were originally built as very ..
https://www.bairdmaritime.com/ship-world/dry-cargo-world/vale-phases-out-converted-vlocs/
The Brazilian mining giant Vale has discharged its last cargo in China transported on […] The post Vale winds down the use of converted VLOCs appeared first on Offshore Energy.
https://www.offshore-energy.biz/vale-winds-down-the-use-of-converted-vlocs/
Brazilian mining giant Vale has announced the final delivery of iron ore using one of its converted very large ore carriers, VLOCs, after the company decided to phase out its…
BEIJING, Nov 13 (Reuters) – Brazil’s Vale and China’s Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing facilities in Zhejiang, a local government statement said on Friday. The move follows the two firms’ inauguration of a...
To the growing bewilderment of skeptics, equities continue their rally, trading as if the recovery is nigh, there will be no second-wave lockdowns, and government largesse will offset unemployment.
The S&P 500 closed at 3,232on Monday, up 44% from its March 23 low and down less than 1% year-to-date (YTD), effectively erasing its losses for the year.
“The broader equity market is beginning to buy into the idea of a rapid recovery to the extent which just two months ago I would never have...
https://www.freightwaves.com/news/can-shipping-shares-catch-wave-of-ir-rational-exuberance
Giant very large ore carrier Stellar Banner, owned by Polaris Shipping from Korea, has […] The post Stellar Banner refloated after over three months appeared first on Offshore Energy.
https://www.offshore-energy.biz/stellar-banner-refloated-after-over-three-months/
Once upon a time, believe it or not, stock investors were obsessed with dry bulk shipping. That Bizarro World dynamic won’t be happening again anytime soon if today’s abysmal spot rates are any indication.
Rates for Capesize bulkers (vessels with capacity of around 180,000 deadweight tons) fell yet again on Wednesday, to $3,796 per day, according to the Baltic Exchange’s 5TC index. The tentative bounce beginning in late April has long since fizzled. Futures markets currently put the full-year...
https://s29755.pcdn.co/news/dry-bulk-flounders-as-virus-threatens-brazilian-exports
http://mfame.guru/dry-bulk-heading-towards-an-optimistic-future-amid-covid-19/
Brazilian miner Vale has decided to phase out the 25 very large ore carriers […] The post Vale to phase out 25 converted VLOCs appeared first on Offshore Energy.
https://www.offshore-energy.biz/vale-to-phase-out-25-converted-vlocs/
Η πανδημική κρίση έχει οδηγήσει τον μεγαλύτερο παραγωγό σιδηρομεταλλεύματος του κόσμου, τη Vale, να αναθεωρήσει τις εκτιμήσεις της για τη φετινή παραγωγή από τους 340-355 εκατ. τόνους στους 310-330 εκατ. τόνους. Υπενθυμίζεται ότι η Vale αποτέλεσε το «Βατερλό» για τα Capesizes το α΄ εξάμηνο του 2019, καθώς, μετά την κατάρρευση φράγματος σε ορυχείο της στο Brumadinho, η παραγωγή και οι εξαγωγές της συρρικνώθηκαν, με αποτέλεσμα η θαλάσσια μεταφορά iron ore να πληγεί ανεπανόρθωτα.
Παρά το γεγονός...
https://www.naftikachronika.gr/2020/04/25/xiro-fortio-kina-vale-oi-gnostoi-tis-exisosis/