Vale exports to Asia ‘justify’ 100 mega-ore carriers

Apr 12, 2012 | 10:25 AM |

Brazilian iron ore major Vale’s exports to Asia would “justify” 100 of the miner’s mega-ore carriers, a spokeswoman at the company told Metal Bulletin on Thursday April 12. The miner does not, however, have any intention to commission a fleet of 100 Very Large Ore Carriers (VLOCs), contrary to press reports, Vale spokeswoman Fatima Cristina told Metal Bulletin Vale launched its fleet of 35 mega-ore carriers last year in a bid to reduce....

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