Vale sells 10 large iron ore carriers in $600-million deal
Sep 04, 2012 | 11:01 AM
| Juan Weik
Tags
Vale,
iron ore,
Brazil,
shipments,
ore carriers,
Polaris Shipping & Trading,
Juan Weik
SÃO PAULO, Brazil — Vale SA has signed an agreement to sell 10 of its large ore carriers to Polaris Shipping & Trading Co. Ltd. for $600 million as part of its strategy to optimize its asset portfolio, improve capital allocation and strengthen its balance....
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