Vale goes for world’s largest wind propulsion installation yet

Wind propulsion installation includes folding rotor sails

In the latest example of how leading charterers are pushing shipping decarbonization forward, Brazilian mining giant Vale S.A. is to install five rotor sails from London-headquartered Anemoi Marine Technologies Ltd onboard the 400,000 dwt very large ore carrier (VLOC) Sohar Max. Owned by Oman-headquartered Asyad, the ship is a Valemax size vessel. These are the world’s largest ore carriers and Anemoi says this will be the world’s largest wind propulsion installation thus far.

The agreement...

https://www.marinelog.com/news/vale-goes-for-worlds-largest-wind-propulsion-installation-yet/

Bulk Market To Witness ‘Oversupply Concerns’ & ‘Freight Volatility’ in 2021

  • Valemax, Guaibamax ships eating into Capesize market share.
  • Australia-China tensions hit coal shipments badly.
  • Sub-Capesize sector counting on grain demand.

Volatility was the hallmark of the dry bulk freight market in 2020 and this is expected to follow suit into 2021 as it encounters new waves of infections, political tensions and inclement weather conditions, reports Platts.

Massive tonnage dislocation

While the pandemic wreaked havoc on the freight market in Q1 2020, the colossal Chinese...

https://mfame.guru/bulk-market-to-witness-oversupply-concerns-freight-volatility-in-2021/