Sepetiba force majeure complicates Vale's shipping [UPDATE]

Dec 14, 2007 | 11:58 AM | Diana Kinch

A unit of Brazil's Vale has declared force majeure on iron ore shipments out of Sepetiba port in Rio de Janeiro state, the company confirmed late Friday.

This follows an accident Dec. 8 when a vessel hit and damaged a berthing dolphin at the Sepetiba terminal, owned by Vale subsidiary Cia. Portuaria Baia de Sepetiba (CPBS).

The Sepetiba problem further complicates an existing build up in Vale's end-of-year shipments, already subject to postponements at other ports that began in late November.

"The Sepetiba berthing dolphin was damaged and iron ore shipments from Vale and other mining companies that use the same terminal were suspended. Up to now, three vessels have not been loaded," the company said.....

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