VLOCs

Order Book Of VLOCs Dwindles Away This Year

  • The VLOCs list of buy and sell ordersseems to gradually decrease.
  • 14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years.

The orderbook for very large ore carriers (VLOCs) is rapidly running out, says an article published in Splash247.

Alphabulk’s VLOCs Order

According to Alphabulk, 14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years. Meanwhile,...

https://mfame.guru/order-book-of-vlocs-dwindles-away-this-year/

VLOCs Conversion Offers No Capesize Benefit!

In a major development, the Brazilian mining major Vale’s has announced that they are planning to discard all tanker-to-VLOC bulker conversions from their iron ore shipping engagements as it is expected to have minimal supply-side impact on the global Capesize market, reports Platts.

What is it?

“Following Vale’s new risk management approach, Vale has decided for the phase-out or substitution of 25 converted vessels (from VLCCs to VLOCs ) from its fleet, either through early termination or...

http://mfame.guru/vlocs-conversion-offers-no-capesize-benefit/